Regulatory News Wrap for Asia

Tuesday, 2026-11-03 · covering the last 24h

India

SEBI

SEBI sets out a framework for depository receipts on REIT and InvIT units. Two companion circulars operationalise the DR-enabling provisions in the REIT and InvIT Regulations, laying out eligibility, foreign-depository, domestic-custodian and disclosure conditions for issuing DRs against units of listed REITs and InvITs respectively. Both bind the trusts themselves and the exchanges, depositories and custodians that service them, and take immediate effect. REIT circular · InvIT circular

SEBI shortens the OFS cooling-off window for illiquid private listed InvITs. An amendment to the Master Circular cuts the mandatory gap between offer-for-sale rounds for these InvITs to roughly eight weeks, loosening the prior spacing requirement so issuers can return to the market sooner; SEBI cited ease-of-doing-business feedback from market participants. Binds recognised exchanges, clearing corporations and the InvITs themselves, effective immediately. Circular

Exchanges (NSE/BSE)

NSE and BSE's filings stayed routine this window — surveillance-list refreshes (ASM/ST-ASM/GSM/ESM), algo-provider empanelment, OFS settlement schedules and an NSE Clearing back-office update aligning custodian-to-member payment timing with T+1 — nothing touching algo trading, colocation, tick sizes, circuit limits or block/bulk deal rules.

RBI, IFSCA & other

No new FEMA/FPI, settlement or payment-system rule-making from RBI as rule-maker this window, and nothing equities-relevant from IFSCA.

Rest of Asia — Developed Markets

Hong Kong — SFC/HKEX: HKEX's clearing houses went live accepting Chinese government bonds, policy-bank bonds and offshore Ministry of Finance bonds as non-cash margin collateral for derivatives clearing, widening the pool of eligible collateral under a framework the SFC, HKMA and PBOC set out earlier this year. SFC press release

Japan, Singapore, Australia and New Zealand were quiet this window.

Rest of Asia — Emerging Markets

Taiwan — FSC: A new order resets the list of foreign securities — equities, depository receipts, warrants, participation notes, REITs and ETFs among them — that Taiwanese securities investment trust funds may hold abroad, replacing a February 2025 order; effective immediately. Order

China and Korea's regulators, exchanges and central banks were quiet this window.

Thailand, Malaysia and the Philippines had nothing material either; nothing was retrieved from Indonesia's regulator this window.

Informational only — summaries of public regulatory and central bank sources; not advice.