- The short — five-line brief
- SEBI: primary, market infra, intermediaries
- RBI: payments, credit, prudential
- IRDAI: distribution & product filing
- UIDAI: KYC & offline flows
- Compliance calendar (next 14 days)
- Team checklists
The short
- Primary window: Faster observation cycles sustained; price-band disciplines emphasized.
- Payments risk: Reminders on wallet/KYC hygiene and reconciliation timelines.
- Distribution: Insurers guided on simplified rider filings with clearer benefit illustrations.
- KYC: Aadhaar offline flows reiterated for low-friction onboarding where permitted.
- Prudential: Lenders nudged to granular stress-data capture in retail buckets.
SEBI — what matters this week
Primary markets
- Observation cadence: keep metric glossaries (LTV/CAC, CM2, take-rate) consistent across DRHP, RHP, and roadshow decks.
- Anchor notes: float design & lock-in dispersion to be front-loaded in investor education.
Market infrastructure
- Operational resilience drills: ensure incident runbooks & RTO/RPO evidence are up-to-date.
- Algo hygiene: strategy IDs and kill-switch attestations refreshed quarterly.
Intermediaries
- RA/IA deposits: segregated accounts and investor-money flow trails to be auditable at short notice.
- Research disclosures: model-risk, conflict matrices, and backtests with parameter stability.
RBI — payments, credit, prudential
Payments & PPI
- Wallet KYC refresh windows: nudge flows; dormant-to-active rules in app UX.
- Settlement timelines: T+1 reconciliations & exception reporting dashboards.
Credit & collections
- Digital lending stacks: consent artifacts, data-minimization, model explainability notes.
- Collections codes: call-time windows, language flags, and GPS metadata suppression by default.
Prudential nudges
- Retail stress capture: ageing buckets aligned to board-approved policies.
- Liquidity buffers: internal stress ladders for top-20 counterparties.
IRDAI — distribution & product filing
- POS & online distribution: co-brand rules, cross-sell guardrails, and grievance TATs emphasized.
- Product filing: simplified riders with standardized benefit illustrations; disclosure of surrender-value ladders.
UIDAI — KYC & offline flows
- Offline Aadhaar XML/secure QR onboarding: retain tokenized artifacts; purge raw identifiers from logs.
- KYX orchestration: add exception paths for non-Aadhaar documents without drop-offs.
Compliance calendar — next 14 days (illustrative)
| When | Item | Owner | Artifact | Status |
|---|---|---|---|---|
| Mon (T+3) | PPI reconciliation & exception report | Payments Ops | Recon pack + sign-offs | Planned |
| Tue | Broker algo kill-switch drill | Trading Tech | Drill log + post-mortem | Queued |
| Wed | Insurance BI template update | Product/Actuarial | Revised BI PDFs | Draft |
| Fri | KYC retention & purge check | Infosec | Purge logs + attestation | Planned |
| Next Mon | DRHP metrics glossary lock | IR/Legal | One-pager + data map | In progress |
Team checklists
Controls
- Map every retail touchpoint to consent artifacts; screenshot evidence.
- Centralize exception dashboards; define “page within a page” alerts.
Disclosures
- One metric glossary across filings, press, and roadshows.
- Backtest windows ≥ 3 years; show parameter stability bands.
Governance
- Quarterly board note: incidents, drills, open risks, and mitigations.
- Vendor register: data-sharing scope & exit runbooks.