Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
India’s Supreme Court Ordered RBI to Secure Compliance With Vehicle
India’s Supreme Court directed the RBI to secure compliance with recovery safeguards after an unlawful vehicle seizure, ordering ₹10 lakh compensation and a ₹4.50 lakh refund with 6% interest.
Turkey Took Market Measures After Investment-Fund Liquidity Disruption Hit Trading
Turkish authorities expanded repo funding to TRY300 billion, raised banks’ interbank borrowing limits tenfold and ordered several funds liquidated after a liquidity shock unsettled equities.
US States Secured $700 Million Credit Acceptance Subprime Auto-Lending
A coalition of US states and Washington, DC secured a $700 million settlement requiring Credit Acceptance to provide debt relief, restitution and penalties over alleged abusive subprime auto-lending practices.
US SEC Granted Five-Year Exemption for Tokenised Stock Trading Venues
The US SEC granted temporary conditional relief for tokenised stock venues for five years, allowing permissioned liquidity pools under investor-protection, issuer-notice, trading-limit and transparency conditions.
US SEC Granted Five-Year Relief for Tokenized Stock Trading Platforms
The US SEC granted conditional relief for five years after publication, allowing qualifying tokenized securities venues to trade US-listed stocks through permissioned automated market makers and liquidity pools.
UK FCA Targeted Three London Premises Over Illegal Crypto Trading
The UK Financial Conduct Authority targeted three London premises and issued cease-and-desist letters over suspected unregistered peer-to-peer crypto trading in an operation conducted on 10 September.
UK FCA Opened Money-Laundering Investigation Into Euro Exchange
The UK Financial Conduct Authority opened an investigation into Euro Exchange Securities over suspected anti-money-laundering control failures spanning February 2020 to June 2026, without reaching any conclusions.
India's New UPI Merchant Fees Drew Supreme Court Challenge and Retail Opposition
India's new UPI merchant-fee framework faced a Supreme Court petition and retailer objections, while government sources said the 0.4% charge above ₹2,000 would still begin on 15 October.
Revolut Secured Colombian Banking Licence Ahead of Planned Launch in 2027
Revolut said it received its Colombian operating licence, with around 200,000 people on its waiting list, while country head Diego Caicedo told Reuters that banking services would launch in 2027.
Revolut Applied for Swiss Banking Licence and Set Out Investment Plans
Revolut applied for a Swiss banking licence and announced plans to invest more than CHF150 million over five years, seeking a local banking operation for its 1.3 million Swiss customers.
UK Upper Tribunal Upholds FCA Lifetime Ban on Crispin Odey, Cuts Fine to £1.53 Million
The Upper Tribunal upheld the FCA's lifetime ban on Crispin Odey for lacking integrity, reducing his fine from £1.83m to £1.53m.
South Africa's SARB Prudential Authority Imposes R34 Million Penalties on Capitec and Ninety-One Assurance
The Prudential Authority imposed R28 million in penalties on Capitec Bank and R6 million on Ninety-One Assurance for FICA breaches identified in 2023 inspections.