This episode covers significant regulatory developments affecting fintech innovation and international trade in India. Key topics include the launch of the Inter-operable Regulatory Sandbox (IoRS), enhanced cybersecurity frameworks, and the implementation of the India-Oman Free Trade Agreement.

The Securities and Exchange Board of India (SEBI) has introduced the IoRS, a pioneering framework that enables innovators to test hybrid financial products across multiple regulators via a single application. Proposals are submitted to the IoRS Coordination Group hosted by the Reserve Bank of India, with participants complying with both Principal and Associate Regulators' sandbox frameworks.

SEBI has also issued clarifications on the Cybersecurity and Cyber Resilience Framework (CSCRF), along with guidelines to facilitate cloud adoption for regulated entities. These measures mandate governance protocols including asset inventory, vulnerability assessments, patch management, and cyber audits to mitigate operational risks.

On the trade front, the Free Trade Agreement between India and Oman, effective from June 1, 2026, introduces a preferential customs duty of 5% on marble imports under HS code 25151210, subject to specified volume and value criteria. Importers should consult the official tariff notifications for comprehensive details.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Address by Chairman SEBI - “India Rising: The Role of Capital Markets”
2. Hindistan ile Oman Arasındaki STA'nın Yürürlüğe Girmesi - 08.06.2026 - Güncel Gelişmeler