Thailand, Taiwan, India and more: fund rules, securities lending and licensing

Bangladesh Bank consolidates into a single document the existing regulations and instructions governing the issuance and renewal of licenses for Authorized Dealers, Money Changers, Limited Money Changers, Authorized Gold Dealers and Authorized Importers of gold ore/dore, with modifications and updates. It sets out application procedures, eligibility, scope of permitted operations, stock and reporting limits, renewal fees and validity periods, and cancellation powers, and repeals prior instructions to the extent covered. The circular is issued under Section 20(3) of the Foreign Exchange Regulation Act, 1947 and remains valid for one year from issuance.

This resolution revokes BCB Resolution No. 297 of 2 March 2023, which governed the transfer of funds through the Credit Document (DOC) and the Special Credit Transfer (TEC). It is a short repeal measure issued by the Collegiate Board of the Central Bank of Brazil, removing the rules applicable to these legacy fund-transfer instruments.

The Magyar Nemzeti Bank issues a supervisory guidance letter on how institutions should treat exposures affected by the voluntary payment moratorium recommended by the Ministry responsible for agriculture and food economy, under which principal repayment on agricultural working capital and investment loans may be suspended until 31 December 2027 while interest continues to be paid. It sets out supervisory expectations on default classification, restructuring and IFRS stage classification of affected exposures, and requires enhanced monitoring. The letter is a supervisory tool that is not binding on supervised institutions.

The IFSCA issues guidelines establishing Good Delivery standards for Gold, setting out a five-step framework for certifying and supervising Accredited Refiners operating in India (including SEZs and IFSCs) and abroad. The guidelines cover responsible sourcing, supply chain due diligence, AML/CFT compliance, risk management, third-party audits, and annual reporting, and direct the Bullion Exchange to certify refiners, empanel auditors, and enforce compliance. They aim to promote a transparent and credible bullion market and position India as a price influencer in the global bullion market.

The International Financial Services Centres Authority (IFSCA) issues a comprehensive framework governing algorithmic trading on Stock Exchanges in the IFSC. The circular sets out definitions, general responsibilities of Stock Exchanges, obligations of Market Participants (Broker Dealers and Remote Trading Participants), risk controls at both exchange and participant level, audit trail requirements, economic disincentives for high order-to-trade ratios, surveillance, and annual system audit requirements. It supersedes all earlier SEBI circulars and guidelines relating to algorithmic trading applicable in the IFSC and comes into force with immediate effect.

The Bank of Mexico amends the Rules applicable to securities lending operations of credit institutions, brokerage firms, investment funds, Siefores, insurance institutions, bonding institutions, and the National Financial for Agricultural, Rural, Forestry and Fisheries Development, in order to align them with best practices and international standards. The Circular updates definitions, incorporates the use of the LEI Code, regulates the contracting of securities lending agents and tri-party agents, establishes collateral requirements and adjustment factors, and adds special securities lending modalities (open, evergreen, and forward-start).

The Superintendency of the Securities Market approves the registration in the Public Registry of the Securities Market of the amendments to the Management Contract applicable to all mutual investment funds in securities managed by Grupo Coril Sociedad Administradora de Fondos S.A. The amendments cover the modality of share subscription via debit to the participant's account at the placing agent, affiliation to digital channels, the personal data processing clause, and the incorporation of Annexes in the Participant Registration Forms. The amendments enter into force on October 29, 2026.

The Superintendence of the Securities Market extends for an additional sixty (60) business days the suspension of the operating authorization of Diviso Bolsa Sociedad Agente de Bolsa S.A., originally ordered by Superintendent Resolution No. 078-2026-SMV/02, because its shareholders Catalina Rabinovich Woloshin and Julio César Kanashiro Tome failed to prove the required economic solvency. The measure will remain in effect until the company demonstrates that its shareholders meet the minimum requirements and, if applicable, obtain authorization for the corresponding share transfers.

The Superintendency of the Securities Market approves the modification of the collective fund management contracts for the products "Pandero Económico" and "Pandero 4x4" used by Pandero S.A. EAFC in the management of the "Pandero C6" program, and orders its registration in the Special Register of Other Entities under the jurisdiction of the SMV. The modifications will enter into force on the business day following the communication provided for in article 32 of the Regulation of the Collective Funds System and will be applicable to groups formed after such entry into force.

The Capital Market Authority of Saudi Arabia has opened a 30-day public consultation on draft amendments to the Investment Funds Regulations, the Real Estate Investment Funds Regulations, and the Glossary of Defined Terms Used in the Regulations and Rules of the CMA. The draft aims to consolidate continuing disclosure and announcement obligations in one place and to expand fund disclosure requirements on conflicts of interest, specific events, annual and periodic reports, and fund terms and conditions, including dividend details, top 10 investments, real estate asset revenues and sectoral distribution, and performance analysis against benchmarks. It also makes the Exchange's website the mandatory primary disclosure channel. The consultation ends on 17 November 2026.

Pursuant to Article 3, Paragraph 3, Subparagraph 3 and Article 4, Paragraph 3, Subparagraph 3 of the Securities Investment Trust and Consulting Act, the FSC approves securities investment trust enterprises and securities investment consulting enterprises (excluding concurrent operations) to accept appointments from foreign asset management institutions to sell and provide consultation on offshore fund products 'not of the nature of a securities investment trust fund' to professional institutional investors and high-net-worth clients, and they are also permitted to provide related services to OBUs, OSUs, banks, or securities firms. This ruling also regulates matters such as the qualification conditions for high-net-worth clients, review procedures, application approval documents, reporting obligations, and prohibitions on general advertising or public solicitation. It shall take effect from the date of issuance, and simultaneously repeals the ruling Jin-Guan-Zheng-Tou-Zi No. 1130384919 dated October 25, 2023.

In accordance with Article 10, Paragraph 1 of the Regulations Governing Securities Investment by Overseas Chinese and Foreigners, the Financial Supervisory Commission issued an order permitting trust enterprises, when handling employee shareholding trusts for foreign employees of listed (OTC-listed) companies, primary listed (OTC-listed) companies, and their affiliates, to register domestic or overseas foreign employee shareholding trust investment special accounts with the Taiwan Stock Exchange in the capacity of foreign institutional investors, and regulating matters such as the opening of special accounts, stock trading transfers, withdrawal, and the inward and outward remittance of funds.

The Financial Supervisory Commission announces the permitted types and scope of foreign securities that firms operating foreign securities investment advisory businesses may advise on, effective immediately. It limits advice to approved offshore funds, listed foreign stocks, ETFs, depositary receipts and REITs, foreign central government bonds, other foreign bonds, and foreign securitization products, with credit-rating thresholds that differ for professional and non-professional investors. The notice also bars advice on mainland China securities market products to non-professional investors and repeals a 2020 notice on the same subject.

The Bank of Thailand has issued two notifications concerning the supervisory rules for hire-purchase and automotive and motorcycle leasing businesses of Specialized Financial Institutions, ensuring that business operators provide financial services responsibly and fairly. These notifications take effect from November 1, 2026 onwards.

The Bank of Thailand has issued Bank of Thailand Notification No. 53/2026 regarding the establishment of service fee and provision standards for specialized financial institutions, in order to set standardized fee collection for basic services including deposit accounts, electronic cards, payment transactions, and SMEs loans, ensuring they align with actual costs, reducing fee rate disparities, and lowering the public's financial burden. This notification applies to all specialized financial institutions starting from November 1, 2026 onwards.

The Bank of Thailand has issued two announcements regarding the regulatory criteria for hire purchase and financial leasing businesses for cars and motorcycles of specialized financial institutions, following a royal decree placing such businesses under the Financial Institutions Business Act B.E. 2551, effective from November 1, 2026 onwards. The first announcement sets the criteria, methods, and conditions for conducting such businesses to elevate responsible and fair financial services. The second announcement updates definitions regarding default interest calculation and debt allocation to be clear and consistent.

The Bank of Thailand notifies BAHTNET service users of the Phase 2 go-live of the BAHTNET API project, scheduled for 15-19 October 2026, and transmits the go-live plan together with a new Notification on BAHTNET fees and penalties, an emergency contingency procedure, a procedure for notifying crediting of beneficiary accounts, and the BAHTNET API Version 1.4 technical specification. The package supports full-function BAHTNET API service from 19 October 2026 and imposes new fee, contingency and status-reporting obligations on BAHTNET members.

This is the Capital Markets Board of Turkey's bulletin no. 2026/70, a periodic compilation of Board decisions. It announces approved prospectuses and issuance certificates for equity and debt securities, new fund establishment and activity permissions, criminal complaints and trading bans against individuals and companies for transactions in VSNMD and IEYHO shares, license revocations, and other application results and announcements, including liquidation arrangements for funds founded by Hedef Portföy Yönetimi AŞ.