The National Financial Regulatory Authority today issued a consultation paper proposing an increase in the minimum Common Equity Tier 1 capital ratio for domestically systemically important banks from 9.5% to 11.5%, with a transition period ending December 2027.

The Authority published final guidance establishing minimum custody, segregation, and cold-storage requirements for licensed digital asset service providers, effective 1 January 2027. Firms must demonstrate full compliance through quarterly attestations.

Following a twelve-month consultation, the NFRA confirmed that all listed entities with market capitalisation above 500 million will be required to produce TCFD-aligned climate disclosures beginning the third quarter of fiscal year 2027.

Enforcement action against three licensed advisory firms concluded with a combined 12 million remediation order after findings of systemic mis-selling of structured investment products to retail clients between 2023 and 2025.

The Authority released the Phase 2 technical standards for the Open Banking Framework, specifying API security profiles, consent management flows, and the licensing regime for third-party payment initiation service providers.

The NFRA announced a transition to a fully risk-based solvency regime for all licensed insurers, replacing the current fixed-ratio framework. A parallel run is scheduled for 2027 with full migration by 2029.