
Nithya Subramanian, a deputy editor at Regulation Asia, has wide experience covering the financial sector in India and Singapore. She has written extensively about wealth management, capital markets and insurance sectors tracking policy and corporate developments. Researching and writing about the South Asian diaspora settled in Singapore and the region is another area of interest. She has a post-graduate degree in English literature. Reach out to her at nithya@regulationasia.com

Structural Regulation
India’s IFSCA Proposes Fund Rule Changes to Streamline Operations
20/10/2025
The draft amendments seek to simplify fund manager eligibility, extend fundraising timelines, clarify investor rights, and introduce targeted disclosure and ESG reliefs.

Trading & Investment
Indian Authorities Launch Probe Into Prop Trading Firm
17/10/2025
Search operations were conducted against the proprietary trading firm Graviton, as part of a wider investigation into potential tax evasion and regulatory compliance in the HFT sector.

Credit Risk
India’s IFSCA Proposes Easing Credit Rules for GIFT City Banking Units
17/10/2025
New consultation proposes easing rules on loans to directors and company share buybacks, signalling a relaxation of credit restrictions within GIFT City.
Trading & Investment
SGX, IDX Launch Cross-Border Depository Receipts Linkage
17/10/2025
The new initiative strengthens ASEAN capital market integration and expands investor access to Indonesian blue-chip stocks.
Payments & Settlements
Six ASEAN Payment Networks Partner for Common Cross-border System
17/10/2025
The Next50 initiative aims to unify regional retail payments through shared standards for digital and cross-border transactions.

Custody & Infrastructure
MAS Launches BLOOM Initiative to Advance Settlement Capabilities
17/10/2025
Building on Project Orchid, the platform creates a unified digital settlement framework for seamless multi-currency transfer and tokenised asset redemption.

Conduct, Culture & Accountability
BNM Offers Update on Implementation of Responsibility Mapping Framework
17/10/2025
BNM said most financial institutions are making steady progress towards implementation of the new Responsibility Mapping framework, which takes effect on 1 January 2026.

Structural Regulation
BNM to Phase Out KLIBOR and Transition to MYOR and MYOR-i by 2029
17/10/2025
BNM has outlined roadmap for full adoption of new overnight benchmark rates and enhanced Shariah compliance framework.

Tokenisation
RBI Unveils Platform to Tokenise Financial Assets Using CBDC
17/10/2025
The new Unified Markets Interface (UMI) architecture aims to modernise India’s markets through blockchain-based settlement and greater efficiency.

Structural Regulation
SEBI Extends Deadline for Angel Funds to Disclose Allocation Methodology
16/10/2025
The compliance date was moved from 15 October 2025 to 31 January 2026 following representations from the industry.
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