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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.

Payments & Settlements
India Launches UPI Services in Sri Lanka and Mauritius
By Ajoy K Das | 13/02/2024
Mauritius is the first country outside Asia where banks will be able to issue RuPay cards, and the first African country to connect to the UPI.

Structural Regulation
Korea to Enhance Rules on Corporate M&As to Protect Investors
By Mark Johnston | 13/02/2024
The FSC proposes to strengthen disclosure requirements for M&As and make third-party reviews mandatory.

Cryptocurrency
Australian Court Rules Yield-earning Crypto Product Illegal
By Editors | 09/02/2024
The Federal Court ruled that Block Earner was offering unlicensed financial services through its “Earner” product.

Structural Regulation
ASIC Offers Limited Relief for Unfair Contract Terms Regime
By Sanday Chongo Kabange | 09/02/2024
ASIC granted no-action relief to address concerns that the regime could apply to sophisticated participants, who are not the intended targets of the regime.

Trading & Investment
India: AMNI Agrees to Extend Trading Hours for Index Futures
By Ajoy K Das | 09/02/2024
The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.

Structural Regulation
SEBI to Adjust Timelines for FPIs to Disclose Material Changes
By Ajoy K Das | 09/02/2024
Material changes will be categorised into two groups, with different reporting timelines. New framework also proposed for dealing with securities after FPI registration expires.

Clearing & Post-Trade
EU Agrees on ‘Active Account’ Requirement to Boost EU CCPs
By Editors | 08/02/2024
The active account requirement is aimed at reducing the EU’s heavy reliance on London for clearing euro derivatives.

Payments & Settlements
Korea to Reform FX Market to Attract Foreign Investors
By Sanday Chongo Kabange | 08/02/2024
Reforms will address settlement failure risks. Pilot run to extend trading hours kicked off. Foreign FIs now have access to Korean FX market.

Structural Regulation
SEBI Issues Guidelines on Preparation of Offer Documents
By Ajoy K Das | 08/02/2024
Draft offer documents should be prepared in “simple language”. SEBI will return noncompliant documents to issuers for correction and resubmission.

Structural Regulation
India: IRDAI to Scrap Pre-approval Requirement for Insurer IPOs
By Ajoy K Das | 07/02/2024
Seven different regulations for insurance companies are being merged to enhance ease of doing business.
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