ECB opens TARGET to one-leg-out instant payments and reprices RTGS accounts
TIPS account holders cannot accept one-leg-out instant payments until they sign the EPC adherence agreement and notify the ECB
Financial Services
402 briefs
SEBI removes mandatory probate and sets 21-day limit for transmission of securities
RTAs, listed companies, depositories and AMCs must adopt SEBI's standard transmission forms and settle claims within 21 calendar days from 22 August 2026
SFC replaces 2009 Islamic fund arrangement with broader Malaysia mutual recognition of funds regime
Malaysian fund managers gain streamlined SFC authorisation for Hong Kong retail distribution but must appoint a Hong Kong representative and synchronise disclosure across both markets
SFC opens streamlined Hong Kong secondary listing to Malaysian REITs meeting HK$3 billion and five-year thresholds
Malaysian REIT managers gain a streamlined SFC authorisation route only where the REIT clears HK$3bn market capitalisation, a five-year Bursa compliance record and 300 unitholders at listing
EU sets conditions for treating residential property under construction as completed for capital purposes
Lending institutions can treat a property under construction as completed only where a bank or insurer guarantee meets the 30% risk-weight test and the provider sits outside the lender's group
EU replaces MiFID II best execution reporting with new order execution policy standards from February 2028
Investment firms lose the RTS 27 and RTS 28 publication regime and must instead document venue selection, run threshold-based monitoring and reassess execution policies annually from 12 February 2028
CSSF declares Circular 21/783 outdated from 23 August 2026
Luxembourg credit institutions, investment firms, CASPs and specialised PFS lose Circular 21/783 as the market-data reference on 23 August 2026 and work directly from Delegated Regulation (EU) 2025/1156
SEBI mandates NISM Series-V-D certification for SIF distributors
SIF distributors must hold the new NISM Series-V-D certification; the Series XIII route stops qualifying them after 21 September 2026
SEBI freezes promoter holdings at ISIN level during share buy-backs
Promoter holdings freeze at ISIN level from the buy-back resolution until offer close; depositories build the mechanism by 1 August
IFSCA sets capital relief conditions and 90-day NPA rule for IFSC factoring
IFSC factoring providers must meet strict conditions to claim capital relief and mark receivables unpaid beyond 90 days as NPAs
Japan finalises 2026 Corporate Governance Code revision, shifting listed-company obligations toward growth-investment disclosure
TSE-listed companies must apply the revised 2026 Corporate Governance Code on a comply-or-explain basis and submit Corporate Governance Reports disclosing the prescribed items by July 2027 at the latest
SECO updates SESAM to implement UN DRC sanctions listings (17 July 2026)
Swiss financial intermediaries must freeze assets and block transactions for the newly listed DRC persons/organisations and report affected business relationships to SECO under the DRC sanctions ordinance