A weekly edition from the desk on the most consequential development across the register, plus one brief per regulator: what changed, why it matters, who it affects, what to watch — every line carrying its own source. Gated before publication.
Editions: 2026 · Full archive · RSS
RBI: The oldest and most powerful financial regulator in India — and the one that touches the most people. The RBI licenses and supervises banks, NBFCs and payment systems, sets interest-rate policy…
On 5 November 2026 the Reserve Bank of India issued the Master Directions on Cyber Resilience and Digital Payment Security Controls for non-bank Payment System Operators (RBI/DPSS/2026-27/475), folding three earlier instruments into one rulebook with a six-hour incident-reporting clock, annual system audits, and consumer-facing controls such as a 12-hour cooling period after a registered mobile number or email change.
Hearing the suo motu digital-arrest fraud case on 29 October 2026, the Supreme Court paused before issuing its own directions to examine RBI's proposed KYC Amendment Directions, 2026 — attaching a compensation floor of not less than the amount lost where a bank's due diligence fails, hard dates (notify by 30 November, operational by 31 December) and a demand for the full list of covered institutions.
IBBI: The regulator for the end of the corporate life cycle: insolvency professionals, their agencies, information utilities, and the process rules under the Insolvency and Bankruptcy Code, 2016. For…
FSDC: The apex body where regulators meet the Finance Minister — with no statute, and largely unpublished minutes.
The 30th FSDC meeting put tokenisation, a financial-sector cyber strategy, KYC simplification and unclaimed-asset refunds on the record — and its attendance list settled the register's longest-running open question, confirming IBBI runs on an acting charge that ends on 20 November 2026.
SEBI: The markets regulator. Everything listed, everything pooled, everything sold as an investment: brokers, mutual funds, AIFs, IPOs, takeover codes, insider trading. SEBI writes the rules…
IBBI's chairperson continues without a named successor, a High Court has clipped the Disciplinary Committee, and Clause 73 wants to hand the board valuation powers. Three open questions, one referee — and why it matters to homebuyers and employees.
SIDBI: MSME development finance, deliberately not a conduct regulator.
PFRDA: The youngest of the big-four regulators. PFRDA runs the National Pension System and Atal Pension Yojana — the retirement money of government employees, since 2004, and any citizen who opts in.…
NPCI: Everyone assumes it is a regulator. It is not: NPCI is a Section 8 company that runs UPI.
NHB: Built to grow housing finance, then stripped of the rulebook it was built around.
The Sousveillance Stack — who writes, borrows and buys the rules