The Reserve Bank of New Zealand just assumed direct regulatory oversight over the High Value Clearing System. Here's what it means for wholesale payment participants, clearing banks, commercial lenders, and financial market infrastructure operators.

1️⃣ Reserve Bank of New Zealand — Oversight of High Value Clearing System
The Reserve Bank of New Zealand designated the High Value Clearing System for direct central bank oversight and supervisory regulation.
This move impacts key banks, clearing participants, financial firms, and payment settlement infrastructure operators.
Covered entities must adjust internal risk controls, operational plans, and liquidity frameworks to meet central bank rules.

2️⃣ Bank of Japan — Third Bilateral Swap Arrangement with Malaysia
The Bank of Japan signed the Third Bilateral Swap Arrangement with Bank Negara Malaysia to boost regional financial cooperation.
This deal hits cross-border banks, regional financial firms, liquidity managers, and trade settlement entities.
Market participants should prepare for enhanced currency swap access, market stabilization tools, and liquidity support.

3️⃣ Securities and Exchange Commission — Stop Illegal Investment Schemes
The Securities and Exchange Commission of the Philippines issued cease-and-desist orders against illegal schemes by Nego Food Solution and Uptrade Alliance.
This action hits unauthorized investment promoters, unlicenced firms, retail market investors, and unregistered brokers.
Regulators will maintain strict oversight over illegal fund raising and enforce severe penalties against non-compliant entities.

4️⃣ Central Electricity Regulatory Commission — Draft Transmission Charges Rules
The Central Electricity Regulatory Commission of India issued Fifth Amendment draft rules on inter-state transmission charges and losses sharing.
The proposal affects power generators, state grid utilities, transmission licensees, and energy market operators.
Market participants must review the proposed cost allocations and submit technical feedback before final rules take effect.

5️⃣ State Securities Commission — Share Offering Approval for No Va Land
The State Securities Commission of Vietnam issued a public share offering registration certificate to No Va Land Investment Group.
This decision impacts real estate issuers, equity market investors, capital market underwriters, and domestic securities firms.
The company will proceed with share subscription steps, public disclosures, and ongoing reporting under securities laws.

Full analysis in the attached RegNext Daily Asia-Pacific Radar carousel.

— Elena Navarro · Managing Editor, RegNext
Daily Asia-Pacific Radar · Tuesday 15 Sep 2026
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