India, Nigeria, Bangladesh, Indonesia and others issue financial rules

This instruction sets the conditions under which authorized intermediary banks can finance the cash flow needs of exporters linked to the execution of their export operations, pursuant to Regulation No. 07-01 of February 3, 2007. It defines eligible operations, required documents, the application processing time, and the obligations for repayment and repatriation of export proceeds.

The Capital Markets Commission of Angola approves the operational procedures for withholding at source, collection, settlement, and payment of the continuous supervision fee owed by intermediary agents and collective investment undertakings, as a result of the new fee regime established by Presidential Decree No. 134/26. The Instruction defines the tax incidence base, apportionment rules for minimum and maximum amounts, deadlines and reporting channels through the SIRA system, and duties of withholding and depositing the calculated amounts.

Bangladesh Bank permits Authorized Dealers to issue and/or allow use of designated international cards for overseas education-related payments by Bangladeshi students, subject to conditions on card use, due diligence, controls, and recordkeeping. The facility is separate from travel quotas and other foreign exchange entitlements, and all transactions must be reported to Bangladesh Bank through the TM Module.

Bangladesh Bank's Foreign Exchange Policy Department-1 issues a consolidated circular updating and replacing FE Circular No. 33 of August 14, 2025 on foreign exchange regulations governing import transactions. It compiles rules on import trade, letters of credit, remittances, supplier's/buyer's credit, back-to-back LCs, alternative trade finance mechanisms, digital trade document processing, specialized zones, Free Trade Zones, Forward Rate Agreements, gold and jewellery imports, and counterpart fund deposits. The instructions apply to Authorized Dealer banks and remain valid for one year from issuance.

The International Financial Services Centres Authority directs all regulated entities in the IFSC to maintain valid and subsisting Letters of Approval (LoA) and applicable Regulatory Instruments at all times, and prohibits undertaking any business activities without them. The circular responds to observations that certain entities were operating without valid LoA and/or Regulatory Instruments, and it supersedes the earlier circular titled "Direction for all Regulated Entities" dated April 03, 2025, taking effect immediately.

The International Financial Services Centres Authority clarifies that the Circular dated May 12, 2026 on Implementation Services by Investment Advisers in the IFSC does not apply to Fund Management Entities providing advisory services. The clarification concerns Fund Management Entities in IFSCs that provide advisory services as part of their Portfolio Management Services under regulation 80 of the FM Regulations.

The International Financial Services Centres Authority specifies an additional certification course, "Regulatory Framework for Fund Management in IFSC" offered by the Institute of Chartered Accountants of India, for employees of Fund Management Entities in IFSCs under the IFSCA (Fund Management) Regulations, 2025. Successful completion of either this course or the previously specified course by the Institute of Company Secretaries of India satisfies the certification requirement. The circular takes effect immediately and leaves all other provisions of the April 01, 2026 circular unchanged.

Bank Indonesia amends its 2025 regulation on bilateral settlement of Indonesia-China transactions in rupiah and renminbi through banks, strengthening the role of Appointed Cross-Currency Dealer (ACCD) banks as Renminbi Clearing Banks in Indonesia. The amendment sets out the recommendation and designation mechanism for Renminbi Clearing Banks, requires them to prepare and consult on a rule book, defines their activities and obligations, provides for Bank Indonesia evaluation, and expands reporting requirements. It also designates qualifying ACCD banks as supporting institutions for the money market and foreign exchange market.

This Regulation of the Member of the Board of Governors establishes the framework for settling bilateral transactions between Indonesia and Singapore using rupiah and Singapore dollars through banks, as the implementation of Bank Indonesia's cooperation with the Monetary Authority of Singapore. This regulation governs the appointment and evaluation of ACCD Indonesia Banks, the opening of Rupiah SNAs, Singapore Dollar SNAs, Singapore Dollar Sub-SNAs, and Rupiah Sub-SNAs, balance management, fund transfers, financing, Singapore dollar against rupiah transactions, price quotations, reporting, and procedures for imposing sanctions. This regulation applies to ACCD Indonesia Banks and Indonesian Customers in order to support the stability of the rupiah exchange rate and the development of the foreign exchange market.

The Securities and Exchange Commission of Nigeria clarifies that the settlement time for equities and commodities settled at CSCS is 5:00 p.m. on T+1 (trade date plus one), updating its earlier circulars on the T+2 and T+1 settlement cycles. All affected transactions are deemed fully paid at settlement to maintain Delivery versus Payment, and defaults are managed under the CSCS Default Management Procedure and the relevant Exchange's settlement guidelines. Foreign portfolio investors are not required to prefund their accounts, but capital market operators facilitating their transactions must maintain controls to ensure timely funding and settlement.

The Securities and Exchange Commission of Nigeria notifies all Capital Market Regulated Entities that the Nigeria Sanctions Committee has designated six individuals and three entities as terrorist financiers under the Terrorism Prevention and Prohibition Act (TPPA), 2022, adding them to the Nigeria Sanctions List. Regulated entities are directed to immediately freeze the funds, assets, and economic resources of the designated persons and entities, report to the NSC Secretariat and the NFIU, and prohibit all dealings with them. The circular takes immediate effect, and non-compliance constitutes a violation of the Investments and Securities Act, 2025, and the SEC AML/CFT Rules and Regulations.

The Securities and Exchange Commission of Nigeria issued a circular notifying all capital market regulated entities that the United States Government has sanctioned a Nigerian citizen and three Nigerian bureau de change companies for facilitating financial transactions linked to ISIS and ISIS-West Africa. Regulated entities are directed to immediately freeze the funds and assets of the designated persons and entities, report to the Nigeria Sanctions Committee and the NFIU, and prohibit any dealings with them. The circular takes immediate effect and non-compliance may attract regulatory sanctions.

The Securities and Exchange Commission of Nigeria directs all Capital Market Regulated Entities to implement the FATF's February 2026 statements on high-risk jurisdictions subject to a call for action (DPRK, Iran, Myanmar) and jurisdictions under increased monitoring. The circular requires terminating correspondent banking relationships with DPRK institutions, refusing transactions with Iranian financial institutions, applying enhanced due diligence for Myanmar-related business, and subscribing to the Nigeria Sanctions (NigSac) Alerts system. It takes immediate effect and non-compliance attracts regulatory sanctions.

Due to reasonable suspicion that acts listed under Articles 107/1 or 104 of the Capital Markets Law No. 6362 were committed in the transactions carried out in the share markets of Türk Altın İşletmeleri AŞ (TRALT) and Gözde Girişim Sermayesi Yatırım Ortaklığı AŞ (GOZDE), the Capital Markets Board has decided to impose a temporary trading ban on certain individuals in the stock exchanges for a period of 6 months in order to prevent transactions aimed at creating an artificial market.

This bulletin contains the weekly decisions of the Capital Markets Board dated 13/08/2026. The bulletin includes approved equity and debt instrument issuances, new activity licenses, administrative fines, criminal complaints, fund establishment/transformation/liquidation permissions, capital increases of portfolio management companies, and principle decisions. Additionally, a new obligation regarding the publication of material event disclosures in English has been announced.