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
AML / KYC
BNM Issues Policy Document for Improving Financial Inclusion
31/03/2025
The policy requires financial firms to provide basic, low-cost deposit accounts to consumers, especially those in unserved and underserved segments.
MAS Finalises Rule Changes to Improve Retail Client Safeguards
31/03/2025
Enhancements to pre and post-transaction safeguards for retail clients purchasing investment products will come into effect on 29 December 2025.
Capital / Liquidity
MAS Confirms Plans to Revise Rules for Exchanges and Clearing Houses
29/03/2025
MAS will tighten solvency requirements for capital market FMIs and require them to hold sufficient cash for recovery or orderly wind-down.
Capital / Liquidity
RBI Updates Priority Sector Lending Rules to Boost Credit Flows
29/03/2025
RBI has raised loan limits for housing and renewable energy, expanded the definition of weaker sections, and set new targets for UCBs.
Securities / Derivatives
SC Malaysia Updates Advertising Guidelines to Enhance Investor Protection
29/03/2025
The revised guidelines introduce stricter rules for social media promotions and finfluencers, effective from 1 November 2025.
Crypto / Digital Assets
MAS Consults on Adoption of BCBS Crypto Standards
28/03/2025
MAS seeks feedback on eligible reserve assets for unbacked cryptocurrencies, and proposes that AT1 and T2 capital instruments issued to retail investors shouldn’t count as regulatory capital.
Crypto / Digital Assets
Taiwan’s FSC Releases Draft Law to Govern VASPs
28/03/2025
The Virtual Asset Service Act covers VASP licensing and operational requirements, stablecoin issuance, and penalties for non-compliance.
Securities / Derivatives
SEBI Revises Fee Rules for Investment Advisers and Research Analysts
28/03/2025
Advance fee collection was restricted to six months for IAs and three months for RAs. The new limit is one year.
Crypto / Digital Assets
Korea Blocks 17 Unregistered Crypto Exchanges on Google Play
28/03/2025
KoFIU requested that 17 VASPs be blocked on Google Play as they don’t have a domestic registration as required under Korean law.
ESG / Sustainability
UOB Becomes First Singapore Bank to Publish TNFD-aligned Report
27/03/2025
UOB will prioritise the agriculture, metals and mining, and built environment sectors, as they are “the most material in terms of portfolio size and potential risk”.
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