Regulatory News Wrap for Asia
Monday, 2026-09-14 · covering the last 72h
India
SEBI
SEBI proposes overhaul of derivatives expiry-day settlement methodology following CAS feedback. A consultation paper published Saturday responds to market-participant concerns about the Closing Auction Session (CAS) framework introduced earlier this year, under which the CAS-determined price is used to settle expiring index and stock derivatives. SEBI floats two options: a blended VWAP combining trades from the last 30 minutes of continuous trading (CTS) and the 10-minute CAS (weighted by each period's actual traded value), or reverting to the existing CTS-only VWAP as an interim measure. It also proposes exchanges stop disseminating the indicative index value (IIV) derived from indicative equilibrium prices during CAS, while continuing security-level IEPs. Comments are due by 3 October; the proposals may be taken up at the SEBI board meeting later this month. Consultation paper
Exchanges (NSE/BSE)
No material NSE or BSE circulars this window beyond routine settlement-calendar notices.
RBI, IFSCA & other
IFSCA lets fund managers revive lapsed placement memoranda. A circular dated 11 September permits Fund Management Entities in GIFT IFSC to apply for extension of an expired placement memorandum for Venture Capital and Restricted Schemes, even where the extension application is filed after the memorandum has already lapsed. Each six-month extension carries a fee equal to 50% of the fresh-scheme filing fee plus a late fee of a further 50% of that extension fee, both to be borne by the FME rather than passed to the scheme or investors. IFSCA circulars
No new FEMA/FPI, settlement or payment-system rule-making circulars from RBI this window.
Rest of Asia — Developed Markets
A quiet window: no material new regulatory or market-structure announcements from Japan (JFSA, JPX/TSE, BoJ), Hong Kong (SFC, HKEX, HKMA), Singapore (MAS, SGX RegCo) or Australia (ASIC, ASX, RBA) this window.
Rest of Asia — Emerging Markets
Korea — FSC/KRX: The Korea Exchange's after-hours trading session launches today, running 4–8pm with continuous real-time matching (replacing the previous 10-minute-interval single-price auction) across all 2,651 KOSPI/KOSDAQ-listed stocks; ETFs and ETNs are excluded for now. The launch follows KRX's revision of its KOSPI/KOSDAQ business regulations and FSC approval on 9 September; the existing 30% daily price limit and volatility-interruption mechanisms carry over unchanged. Korea Herald
Indonesia: OJK's regulation (POJK) implementing IDX demutualisation — targeted for the second week of September, including a proposed 5% ownership cap on IDX shares (with carve-outs for Danantara, the Finance Ministry and Bank Indonesia as "strategic shareholders") — had still not been issued as of this morning; officials say it remains in harmonisation review at the Ministry of Law ahead of numbering and promulgation. Watch for it.
Elsewhere, a quiet window: no new circulars, board decisions or central-bank rulemaking from China (CSRC, SSE/SZSE, Stock Connect, PBoC), Taiwan (FSC, TWSE/TPEx, CBC), Thailand (SEC, SET, BoT), Malaysia (SC, Bursa, BNM) or the Philippines (SEC, PSE, BSP) this window.
Informational only — summaries of public regulatory and central bank sources; not advice.