Regulatory News Wrap for Asia

Monday, 2026-08-24 · covering the last ~72 hours (Friday–Monday)

India

SEBI

SEBI proposes a revamped Advertisement Code for Online Bond Platform Providers, targeting FOMO and "fixed return" marketing. The 21 August consultation paper would replace the existing OBPP ad code (Annexure XXI-C of the NCS Master Circular) with rules banning vague terms such as "high yield", "high rated" or "high returns", barring celebrity endorsements, and prohibiting OBPPs from advertising their own inventory of a security or ISIN. Ads featuring a specific security would need standardised disclosure — issuer, tenor, nature of security, clean and dirty price, YTM and the Credit Risk-o-meter — plus a standard warning that fixed returns are not guaranteed and that debt securities carry market, credit and default risk; terms like "fixed returns" or "passive income" would be allowed only with a grounded calculation basis, and urgency/scarcity-style prompts would be restricted. Comments are open until 11 September. Business Standard

No other new circulars, board decisions or enforcement orders this window. The Copthall/Mansi closing-auction-session order and the Accredited Investor consultation paper (comments due 3 September) are unchanged.

Exchanges (NSE/BSE)

No new material NSE or BSE circulars this window beyond routine settlement-calendar and surveillance notices.

RBI, IFSCA & other

RBI to conduct a 7-day VRRR auction for ₹2,50,000 crore on 24 August — its largest liquidity-absorption operation in weeks. The notified amount is well above the ₹1,50,000 crore size of last week's overnight and 3-day VRRR auctions, reflecting a system liquidity surplus reported at around ₹3,50,000 crore. This is a routine liquidity-management operation under the LAF, not a policy signal. RBI press releases

Separately, Friday's 3-day VRRR auction (notified ₹1,50,000 crore) drew only ₹95,970 crore in bids, all accepted at a 5.24% cut-off — demand well below the notified amount, in contrast to Thursday's oversubscribed overnight auctions. No new items from the MPC or IFSCA this window; the draft FEMA (Foreign Investment) Rules, 2026 comment window remains open until 31 August.

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

Indonesia: IDX will trial a cut in the minimum tradeable share price from Rp50 to Rp1 with exchange members on 22 and 29 August, alongside a revised auto-rejection band structure (widening the lower band to 15% across most price tiers, with the upper band tiered 20–35% by price range), ahead of a targeted full rollout on 7 September. DealStreetAsia

Elsewhere, a quiet window: no new circulars or structural rule changes from China (CSRC, SSE/SZSE, Stock Connect, PBoC), South Korea (FSC/FSS, KRX, BoK), 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.