Iraq, India, Indonesia, Chile, Turkey, Sri Lanka, Kenya, Czech Republic, Bangladesh, Saudi Arabia regulators issue rules

Bangladesh Bank issues guidelines permitting Authorized Dealers to offer commodity price risk hedging products to eligible importers for their international import trades, within a structured and supervised framework. The guidelines define eligible importers, permissible hedging instruments (futures, forwards, swaps, options), operational conditions, hedge limits, prudential and documentation requirements, accounting treatment, and supervisory reporting. They amend paragraph 14, chapter 4 of the Guidelines for Foreign Exchange Transactions (GFET)-2018, Vol-1.

The Financial Market Commission amends Circular No. 2,110 of 2013, updating the mechanisms for sending information on extensions of claims settlements through CMF Supervisa and establishing the obligation to report aggregated statistical information on claims settlements semiannually. The circular affects insurance companies and claims adjusters, and enters into force on February 1, 2027.

The Financial Market Commission amends General Character Rule No. 539 of 2025 by eliminating the requirement to submit information to the Commission no later than January 30 and July 31 of each year in the context of the semi-annual publication on the website. The rule is effective as of its date of issuance.

The Financial Market Commission modifies Chapter 21-7 of the Updated Compilation of Standards for Banks, which regulates the measurement of market risk-weighted assets, to allow banks with technical and operational capabilities to use the duration method in calculating general interest rate risk, in addition to the maturity method. It also adjusts the R07 file of the Risk System of the Bank Information Systems Manual to incorporate the new record 10 and the reporting of the method used. The circular enters into force on October 1, 2026, and affects banking companies subject to market risk capital standards.

The CNB publishes the justification of its decision to keep the countercyclical capital buffer rate for the Czech Republic unchanged at 1.5%, set by General Measure I/2026 of June 4, 2026. Although the CNB's quantitative methods indicate the need for a rate of up to 2.25%, the bank board took into account the more moderate signal of the financial cycle indicator, the relatively low indebtedness of households and corporations, the high profitability and capital adequacy of the banking sector, and uncertainties regarding further macro-financial developments. The CNB is prepared to increase the rate in the future if credit dynamics continue to strengthen, or to decrease it or completely release it in the event of a significant deterioration of the economic situation.

The International Financial Services Centres Authority amends sub-paragraph 18.2 of the Master Circular for Credit Rating Agencies in the IFSC, following the notification of the International Financial Services Centres Authority (Capital Market Intermediaries) (Second Amendment) Regulations, 2026. The amendment inserts language allowing certain situations, as per the approved policy of the CRA, to be covered by the provision. It applies to credit rating agencies and recognised stock exchanges operating in the IFSC and takes effect immediately.

The International Financial Services Centres Authority (IFSCA) has issued regulations to govern the registration and operation of Electronic Trading Platforms (ETPs) within International Financial Services Centres in India. The regulations set out eligibility criteria, net worth requirements, operating guidelines, risk management, data preservation, and reporting obligations for ETP operators, and define eligible instruments, participants, and eligible jurisdictions. They aim to ensure fair, transparent, and orderly trading while protecting participants and maintaining market integrity.

The International Financial Services Centres Authority (IFSCA) permits Fund Management Entities in IFSCs to extend the validity of an expired placement memorandum even when the extension application is filed after the validity period has lapsed. The extension is subject to payment of an extension fee and a late fee, a prohibition on material changes to the placement memorandum, and the requirement that the late fee be borne entirely by the FME and not passed on to the scheme or its investors. The circular is issued under sections 12 and 13 of the IFSCA Act, 2019 read with regulation 146 of the Fund Management Regulations, 2025, and takes effect immediately.

Bank Indonesia is amending for the fifth time the Regulation of the Member of the Board of Governors Number 21 of 2025 concerning Foreign Exchange Monetary Operations by expanding the underlying conventional hedging transactions with Bank Indonesia. This amendment covers the regulation of types of Conventional Hedging Buy Swap Transactions with Bank Indonesia, Conventional Hedging Sell Swap Transactions with Bank Indonesia, and Hedging DNDF Transactions with Bank Indonesia, as well as the possibility of granting incentives. The objective is to increase foreign capital inflows, strengthen the stability of the rupiah exchange rate, and enhance rupiah liquidity.

The Central Bank of Iraq, acting on Board of Directors Decision No. 142 of 2026, withdraws the licence of Al-Shadhan Company for Mediating in the Sale and Purchase of Foreign Currencies and cancels its incorporation certificate for violating the controls regulating the work of exchange and currency mediation companies (No. 1 of 2022). The Ministry of Trade's Companies Registration Department is asked to strike the company from its registers and provide a certified liquidation report.

The Central Bank of Kenya invites members of the public to submit comments on draft revised Prudential Guidelines, Risk Management Guidelines, Guidance Notes and the Domestic Systemically Important Banks (D-SIBs) Framework issued under the Central Bank of Kenya Act and Banking Act. The review aims to strengthen the regulatory framework, enhance banking sector resilience, and align Kenya's supervisory framework with international standards and emerging best practices. Comments must be submitted by November 7, 2026 using the template on the CBK website.

The Capital Market Authority announced the suspension of trading of United Cooperative Assurance Co. shares on the Saudi Exchange (Tadawul) starting 13 September 2026. The suspension follows the company's application to commence liquidation proceedings and will remain in effect until the CMA issues its resolution and the commercial court decides whether to accept or reject the commencement of the liquidation procedure.

The Central Bank of Sri Lanka issues Directions to Licensed Commercial Banks and Licensed Specialised Banks to strengthen the identification, verification, and ongoing monitoring of beneficial owners, aligning with FATF standards on combating money laundering, terrorist financing, and proliferation financing. The Directions impose obligations on bank boards, company secretaries, and banks to maintain a register of beneficial owners, conduct enhanced due diligence, retain records, and submit annual beneficial ownership information to the Director of Bank Supervision.

The Central Bank of Sri Lanka issues Directions under the Banking Act No. 30 of 1988 requiring all licensed commercial banks and licensed specialised banks to establish robust frameworks for identifying, assessing, monitoring, reporting and managing operational loss events. The Directions set out Board responsibilities, event classification taxonomy, risk levels, and regulatory reporting requirements, including immediate reporting of critical/high loss events exceeding Rs. 5 million and quarterly reporting of loss events exceeding Rs. 500,000.

Capital Markets Board's bulletin numbered 2026/57 includes two principle decisions. The first decision relates to lowering the share ratio notification threshold to 3% within the scope of the Communiqué on Material Events (II-15.1) and the updating of 3% and 10% shareholding tables by the Central Registry Agency (MKK). The second decision redefines the concept of free float shares for companies traded on Borsa Istanbul, determines the calculation method and shares to be excluded from the scope, regulates MKK's daily calculation and monthly reporting obligations, and repeals previous Board decisions regarding free float.