Week of
Bangladesh and Argentina set new rules on Free Trade Zone imports and financial reporting for clearing agents. Bangladesh Bank's Foreign Exchange Policy Department issued a circular establishing a framework for import trade into Free Trade Zones, addressing eligible entities, consignment-based imports, purchase and sale treatment, tenor limits, financing and exposure recognition, and risk management, with application to Authorized Dealers and Offshore Banking Units serving FTZ transactions. Argentina's National Securities Commission published a regulatory amendment replacing Article 39 of Chapter II of Title VII of its rules, specifying the accounting items used to calculate financial indices for Settlement and Clearing Agents (ALyC), excluding items tied to the agro-industrial activity of ALyC I AGRO and to mutualist activity of ALyCs registered with INAES as a mutual association, and setting criteria for matching, settlement, netting and foreign currency conversion, applicable from April 29, 2026, the effective date of General Resolution No. 1130. The two records differ in subject and form: one is a Bangladesh circular in English on foreign exchange and trade finance, the other an Argentine regulation in Spanish, presented here in translation, on reporting metrics for market intermediaries.
Argentina
REGULATORY AMENDMENT TITLE VII – REPORTING REGIME ON FINANCIAL INDICATORS FOR ALYCS
The National Securities Commission replaces Article 39 of Chapter II of Title VII of the RULES (N.T. 2013 and mod.), specifying the accounting items that must be considered for the calculation of the financial indices applicable to Settlement and Clearing Agents (ALyC). The regulation excludes from the computation items linked to the agro-industrial activity of ALyC I AGRO and the mutualist activity of ALyCs registered with INAES as a mutual association, and establishes criteria for matching, settlement, netting, and foreign currency conversion. Its provisions are applicable as of April 29, 2026, the effective date of General Resolution No. 1130.
RegulationTranslated to EnglishSpanishReporting requirementsCapital requirements
Bangladesh
Framework for import trade in Free Trade Zones (FTZs)
Bangladesh Bank's Foreign Exchange Policy Department introduces a structured framework for import trade into Free Trade Zones (FTZs), covering eligible entities, consignment-based imports, purchase and sale treatment, tenor limits, financing and exposure recognition, and risk management. It applies to Authorized Dealers and Offshore Banking Units providing financial services for FTZ transactions, and clarifies when consignment goods are recognized as imports and how usance facilities may be extended.
CircularPublished in EnglishEnglishForeign exchangeReporting requirements
Generated by AI from the original publication: extracted, summarised and translated to English. In case of discrepancy, the original prevails; verify against it before relying on this summary.