The Securities and Exchange Board of India just issued a settlement order for True North Fund. Here's what it means for fund managers, compliance leads, and key asset market teams.

1️⃣ Securities and Exchange Board of India — True North Settlement Order
SEBI issued a formal settlement order resolving key regulatory enforcement proceedings in the True North Fund case today.
This update hits private equity fund managers, compliance officers, risk leads, and top asset management firms in India.
Market entities must review core asset management rules, public disclosures, and internal oversight processes prior to key audits.

2️⃣ Hong Kong Monetary Authority — Competency Framework Review
HKMA published an official circular starting a full review of the Enhanced Competency Framework for retail bank staff.
This directive impacts authorized financial firms, retail bank HR leads, and risk compliance teams in Hong Kong.
Banks should evaluate staff qualification norms, update internal staff training plans, and prepare for key new rules.

3️⃣ Bureau of Indian Standards — Mandatory Scheme-1 Certification
BIS announced expanded mandatory enforcement for product certification under established Scheme-1 regulatory rules.
This directive affects domestic makers, trade importers, and quality compliance leads in key product sectors.
Firms must verify testing records, run internal technical checks, and ensure full certification before technical audits start.

4️⃣ Securities and Futures Commission — Market Strategic Action Plan
SFC unveiled a comprehensive Strategic Action Plan supporting Hong Kong's Five-Year Plan and Policy Address capital goals.
This plan touches licensed market intermediaries, fund asset managers, corporate advisors, and listed firms in Hong Kong.
Firms should align long-term growth plans, cross-border goals, and core policy setups with market integration aims.

5️⃣ Astana International Financial Centre — Management Council Renewal
AIFC announced the official renewal and strategic restructuring of its executive Management Council in Kazakhstan today.
This action impacts international financial services firms, registered corporate entities, and fund managers in AIFC.
Market participants must monitor potential policy shifts, administrative updates, and new regulatory guidelines from the core council.

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

— Elena Navarro · Managing Editor, RegNext
Daily Asia-Pacific Radar · Wednesday 23 Sep 2026
#APACRegulation #FinancialRegulation #ComplianceIntelligence #RegTech