The revisions will require superannuation licensees to review their performance, analyse member outcomes, and take action to address areas that require improvement.
The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.
NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.
The KRX seeks to reduce the minimum account size required to open a derivatives trading account, and to ease compulsory training requirements for retail investors.
The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.
China's State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.
Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.
Jay Wei, chairman of JC Group, which controls multiple fund management units, is being investigated by Chinese police for potentially illegal multi-billion-dollar fundraising activities.
The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.
SEBI slashes minimum net worth requirements for clearing corporations operating in India's international financial services centre from 3 billion to 1 billion rupees.