Thailand, Taiwan, Chile, Bangladesh, Brazil and more issue fraud, insurance and FX rules

The National Securities Commission (CNV) of Argentina provides for the application of the Participatory Rulemaking procedure (Decree No. 1172/2003) and invites the public to submit opinions or proposals regarding a draft regulation that amends Chapter I, Section II of Title XII of the RULES (2013 Rev. and amendments) regarding Relevant Events. The draft incorporates definitions, specifies the duty of immediate information, lists exemplary assumptions of relevant events, regulates the handling of rumors or leaks from third parties, and establishes the procedure for suspending the duty to report. The consultation affects public offering issuers, authorized agents, and other subjects covered by article 99 of the Capital Markets Law.

Bangladesh Bank's Foreign Exchange Policy Department-2 authorizes Authorized Dealers to open and maintain foreign currency accounts for eligible private sector industrial enterprises to retain proceeds of approved medium and long-term external loans. The circular sets conditions for operating these accounts, including documentation of approvals, permitted uses of balances, quarterly reporting on Form LU, and closure or retention rules for repayment purposes.

Bangladesh Bank's Foreign Exchange Policy Department modifies and supersedes FEPD-1 Circular No. 14 of June 23, 2026 on Non-Resident Convertible Taka Accounts (NRCTAs) for Non-Resident Bangladeshis. The circular broadens eligibility and permissible credits, sets rules on interest, repatriation and utilization of NRCTA balances, allows OBUs and ADs to deploy NRCTA funds for Taka financing and lending against NRCTA deposits as lien, and imposes accounting, KYC/AML and reporting obligations. It matters because it expands the range of institutions, account holders and uses for NRCTAs while tightening compliance and approval requirements.

Bangladesh Bank's Foreign Exchange Policy Department-2 raises the amount of foreign currency that licensed Money Changers may sell to an outgoing Bangladeshi national at any one instance against the annual private travel entitlement, from USD 2,000 to USD 3,000 in USD notes and coins. The balance of the entitlement may be sold in other freely convertible or usable currencies, subject to the customer's remaining entitlement. The circular affects licensed Money Changers and Authorized Dealers in foreign exchange.

This Resolution amends the Regulations of the Strategic Management Committee – CGE of the Central Bank of Brazil, annexed to BCB Resolution No. 424, of October 10, 2024. The amendment modifies the composition of the CGE, including the head of the Corporate Risk and Operational References Department – Deris and the Chief Auditor, and revokes item IV of the caput of art. 7 of the said Regulations.

BCB Resolution No. 599 amends BCB Resolution No. 277 of December 31, 2022, which regulates the foreign exchange market, to include foreign exchange transaction purpose classification codes in the "Special operations" table of Annex V. The rule affects institutions authorized to operate in foreign exchange and other foreign exchange market participants, standardizing the classification of special operations, including those involving virtual assets and non-resident accounts.

The Financial Market Commission incorporates into the Developer Portal a new section of Sandbox testing guides for the period prior to the entry into force of the obligations of the Open Finance System. The guides are exclusively operational in nature and seek to facilitate testing in the Participants Directory and in the Sandbox environment, without altering current regulations or establishing additional requirements or obligations for participants.

The Financial Market Commission (CMF) of Chile establishes the minimum conditions and requirements that reinsurance cessions with foreign reinsurers must meet in order to deduct technical reserves in life annuity insurance under Decree Law No. 3,500 of 1980. The norm regulates the currency of the contracts, the minimum risk classification of the reinsurer, supervision, early termination, information to the CMF, maximum deduction of ceded risk, segregated fund, accounting, and the administration of the reinsurer's assets by the ceding company. It affects life insurance companies that maintain pension life annuity reserves and foreign reinsurance entities.

The Securities and Exchange Commission of Nigeria warns the public that WAYVEPAY, an online investment platform operating via a website, social media, and a mobile app, is not registered to solicit investments or operate in the Nigerian capital market. The Commission advises the public not to invest with WAYVEPAY or its representatives and to verify the registration status of investment entities through its dedicated portals before transacting.

The Financial Supervisory Commission issued a ruling clarifying the scope of positions that the general auditor of financial holding companies and banking industries must not concurrently hold, as stipulated in Article 27, Paragraph 2 of the Implementation Rules of Internal Control and Audit Systems for Financial Holding Companies and Banking Industries, which would conflict with or restrain audit duties. These include heads of internal units subject to audit by the internal audit unit, as well as directors (理事) or supervisors (監察人/監事). This order takes effect from the date of issuance and simultaneously repeals Order Jin-Guan-Jian-Zi No. 11106000691 dated March 15, 2022.

The Financial Supervisory Commission (FSC) issued an order amending selected articles of the Regulations Governing the Preparation of Financial Reports by Insurance Enterprises, along with specified formats under Articles 19, 22, and 23. The amendment updates financial reporting requirements applicable to insurance enterprises in Taiwan.

The Financial Supervisory Commission issued an interpretation order pursuant to Article 146, Paragraph 4 of the Insurance Act, determining that health and welfare businesses (including health management and health promotion services, health and medical technology and digital applications, long-term care and all-age friendly services, healthy diet and nutritional support, and health and welfare integrated services) constitute insurance-related businesses. It also sets forth regulations regarding the revenue or operating cost ratios that insurance companies must meet when investing in such businesses, as well as reporting, adjustment, and shareholding disposition rules. This order takes effect from the date of issuance and simultaneously repeals the order Jin-Guan-Bao-Cai-Zi No. 11401456501 dated October 27, 2025.

The Financial Supervisory Commission (Insurance Bureau) announces a draft amendment to Articles 2 and 7 of the Regulations Governing the Investment of Insurance Enterprise Funds in Special Projects, Public Utilities, and Social Welfare Enterprises. The amendment is proposed under Article 146-5, Paragraph 1 of the Insurance Act, and the public is invited to submit comments within 60 days of publication in the official gazette.

The Financial Supervisory Commission issued an order pursuant to Article 15, Paragraph 2 of the Securities and Exchange Act to regulate the types and scope of investment targets that securities proprietary dealers may purchase, and established operational norms such as purchase amount limits, capital adequacy ratios, decision-making procedures, and information disclosure, while also requiring inclusion in internal audits for enhanced inspection. This order becomes effective on the date of issuance and repeals the order Jin-Guan-Zheng-Zi No. 1140381481 dated April 23, 2025.

The Financial Supervisory Commission issued an order establishing the "Regulations for Banks Handling Family Office Advisory Business", effective from the date of issuance. These regulations apply to banks engaged in family office advisory business, with the purpose of establishing a compliance framework for such business.

The Financial Supervisory Commission issued an order amending Point 4 of the "Minimum Ratio Regulations for Death Benefits to Policy Reserve (Policy Account Value) in Life Insurance Products", effective from the date of promulgation. This amendment affects the minimum ratio regulations concerning death benefits and policy reserves (policy account values) of life insurance products.

The Bank of Thailand has established rules requiring all specialized financial institutions to prepare and submit reports on financial movements, financial service usage behaviors, or unusual financial transactions to the Bank of Thailand. The report format is specified as CSV, with the submission channel via the DAP system or API, along with frequency and submission timelines, starting with the first reporting period for September 2026 data onwards.

The Bank of Thailand issued this announcement to establish guidelines on merchant risk management for electronic payment acceptance (Merchant Fraud Management). It applies to electronic payment service providers and electronic money service providers under the supervision of the Payment Systems Act. This covers policy formulation and governance, merchant risk assessment and categorization, Know Your Merchant (KYM), merchant risk management, incident resolution and merchant care, fraud information sharing, and reporting to the BOT, aiming to raise standards and prevent damages from the use of payment services as a channel for fraud, money laundering, or legal evasion.

The Bank of Thailand has issued a notification prescribing guidelines on merchant risk management for electronic payment acceptance (Merchant Fraud Management), applicable to electronic payment service providers and electronic money service providers under supervision pursuant to the law on payment systems. This covers merchant risk assessment and tiering, knowing your merchant, merchant risk management, incident resolution and merchant care, fraud data sharing, and reporting to the Bank of Thailand, in order to prevent and limit damages arising from the use of payment acceptance services as channels for fraud, money laundering, and non-compliance with the law.

The Bank of Thailand issued a notification prescribing guidelines for digital fraud management for Specialized Financial Institutions to enhance end-to-end digital fraud management, prevent and reduce losses to the public, and maintain confidence in the financial institution and payment systems. This notification enters into force on November 1, 2026, and repeals certain related policy guidelines and circulars.

The Bank of Thailand issued a notification setting out criteria for responsible and fair lending (Responsible Lending) for all Specialized Financial Institutions, covering the management of lending throughout the 8 aspects of the debt lifecycle. This ranges from loan product development, advertising, sales processes, debt repayment capacity assessment, promotion of financial discipline, assistance to debtors with persistent debt and repayment problems, to legal proceedings and debt sales. This notification takes effect from January 1, 2027, and repeals the previous circular on fair lending management guidelines.

The Ministry of Finance announces the third issuance of treasury bills for debt management in fiscal year 2027 (B.E. 2570), totaling 60,000 million baht across three tranches of 20,000 million baht each, sold via competitive yield auction and non-competitive bidding. It sets out eligible bidders, designates the Bank of Thailand as distributor, registrar and paying agent and the Thailand Securities Depository as custodian, and reserves the Ministry's rights regarding allocation and changes to the sale.

The Capital Markets Board of Turkey (SPK) published its weekly bulletin 2026/69, approving debt instrument and other capital markets instrument issuance ceilings for several issuers, granting a new activity authorization to Neo Menkul Değerler AŞ, and imposing sanctions related to trading in Odine Solutions Teknoloji Ticaret ve Sanayi AŞ (ODINE) shares. The bulletin also reports criminal complaints, two-year trading bans, license revocations for 16 individuals, and other application results including fund mergers and a capital increase.