Regulatory News Wrap for Asia

Tuesday, 2026-11-10 · covering the last 24h

India

SEBI

SEBI lets overseas individual clients complete KYC digitally without being physically present in India. A November 4 circular relaxes the KYC Master Circular for individual Persons Resident Outside India located in an FATF-compliant country: intermediaries may now accept digital submission of KYC information and documents from such clients, their KYC records become portable across intermediaries, and an authorised official (with concurrent audit) must still be present for Video In-Person Verification. Clients in FATF non-compliant countries remain on the existing process, and KYC already completed is grandfathered. Binds all SEBI-registered intermediaries, exchanges, clearing corporations, depositories and KRAs; effective December 3. Circular

Exchanges (NSE/BSE)

NSE and BSE each issued implementing circulars on November 9 carrying through the SEBI KYC change above. Otherwise routine — surveillance-list refreshes (ASM/ST-ASM/ESM/LT-ASM/GSM), an F&O contract adjustment and listing housekeeping — 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 out of IFSCA.

Rest of Asia — Developed Markets

A quiet window across Japan, Hong Kong, Singapore, Australia and New Zealand — nothing material surfaced from any of the five this run.

Rest of Asia — Emerging Markets

Taiwan — FSC: Responding to a 4.5% single-day fall in the Taiex, the FSC announced five market-stabilisation measures on November 6, effective November 9: cutting the daily intraday securities-lending sell-order cap from 30% to 3% of a stock's 30-day average volume (hedging and market-making lending are exempted), and raising the minimum margin maintenance ratio on listed and OTC securities from 90% to 130%. FSC press release

Korea — FSC/FSS: Following a sharp KOSPI drop, an emergency inter-agency meeting chaired by the deputy prime minister decided to waive, for three months from November 9, securities firms' obligation to maintain a 140% collateral ratio on margin loans, to curb forced-liquidation spirals; the FSS was expected to formalise the waiver via a no-action letter. Reported by Money Today and other Korean financial media on November 6; no FSC/FSS release confirming the letter's issuance has been found yet. Money Today

China, Malaysia and the Philippines stayed quiet this window. Nothing retrieved from Thailand's or Indonesia's regulators this window.

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