HKMA issues revised statutory guideline on consumer credit data sharing
AIs' credit and compliance teams must align consumer credit data sharing and use with the revised HKMA IC-6 statutory guideline from 12 June 2026
Financial Services
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UK imposes sanctions on settler-violence networks in the West Bank
UK sanctions-screening teams must screen, block and freeze against the six entities and one individual newly designated for West Bank settler violence
RBI exempts swap-eligible FCNR(B) deposits at small finance banks from CRR and SLR
Small finance bank treasury and regulatory-reporting teams must apply the CRR/SLR exemption to swap-eligible fresh FCNR(B) deposits from the reporting fortnight beginning 1 July 2026 and update Form A reporting accordingly
RBI exempts swap-eligible FCNR(B) deposits from CRR and SLR maintenance
Commercial bank treasury and regulatory-reporting teams must apply the CRR/SLR exemption to swap-eligible fresh FCNR(B) deposits from the reporting fortnight beginning 1 July 2026 and update Form A reporting accordingly
RBI lets AD banks exclude swap-facility positions from NOP-INR limit compliance
AD Category-I bank treasury and risk teams may exclude FCNR(B) and ECB/OFCB swap-facility positions from NOP-INR limit calculations, and must update position-monitoring logic accordingly
RBI introduces USD-INR swap facility for PSU external commercial borrowings and bank overseas borrowings
AD Category-I bank treasury teams can swap eligible PSU ECB and bank OFCB inflows into USD with RBI at a fixed 1.5% premium, but must file a hedging declaration and act before the 15 January 2027 window closes
RBI introduces USD-INR swap facility for fresh FCNR(B) deposits
AD Category-I bank treasury teams can swap fresh 3-to-5-year FCNR(B) deposits into USD with RBI at the FBIL rate, but must maintain separate records, file a conformity declaration, and act before the 16 October 2026 window closes
SEC adopts FDTA joint data standards for financial regulatory reporting
Regulatory-reporting and data teams at SEC-reporting entities must plan migration to the FDTA common identifiers and machine-readable formats ahead of the agency-specific rulemakings that will set binding collection requirements
CFTC adopts FDTA joint data standards for financial regulatory reporting
Regulatory-reporting and data teams at CFTC-reporting firms must migrate to the FDTA common identifiers and machine-readable submission formats as the joint standards take effect
Australia lists three persons under COTUNA Part 4, freezing their assets under UNSCR 1373
Australian asset-holders and financial institutions must freeze the assets of three newly listed persons — and any assets owned or controlled by them — and must not deal with or make assets available to them without a Ministerial permit, on pain of a criminal offence.
Reserve Bank of India shortens the export-proceeds realisation period to nine months from fifteen
Exporters and their Authorised Dealer banks must realise and repatriate the affected export proceeds within nine months, down from fifteen, under the amended FEMA Export of Goods and Services Regulations.
SFC extends listed structured fund authorisation to single-stock L&I and defined-outcome products with added safeguards
Listed structured fund providers and their distributors must now meet SFC naming, disclosure, market-making, capacity-monitoring and single-stock safeguard requirements to offer single-stock L&I and defined-outcome products in Hong Kong.