Philippines
BSP Published Updated Manual of Forex Regulations
On May 8th, 2023, BSP published the updated Manual of regulations on foreign exchange transactions, consolidating all regulations, forms, and amendments on foreign exchange and related transactions since 1993.
Australia
APRA Published Updates to FAQs on the Superannuation Data Transformation Project
On May 9th, 2023, APRA published a new set of frequently asked questions on the Superannuation Data Transformation reporting standards.
Hong Kong
HKMA Consulted on Amendments to MA(BS)28 Return (Return of Large Exposures)
On May 12th, 2023, HKMA published consultation on Amendments to MA(BS)28 Return (Return of Large Exposures). The proposed amendments are expected to take effect at the end of the quarter during which the amended Banking (Exposure Limits) Rules (BELR) will have come into effect, which is no earlier than January 1st, 2024.
India
RBI Basel III Capital Regulations
On May 12th, 2023, RBI published Master Circular on Basel III capital regulations, incorporating relevant guidelines, issued as on date.
Samoa
OECD TIN rules update for Samoa
The ‘Samoa-TIN’ file has been updated on the OECD website.
The TIN structure remained unchanged.
Section I “TIN Description” and Section V “Contact point for further information” have been updated.
New Zealand
OECD TIN rules update for New Zealand
The ‘New-Zealand-TIN’ file has been updated on the OECD website.
Updated links and TIN Structure:
TIN can be either an eight or nine digit number in the format 99-999-999 or 999-999-999.
It is increasingly common to add a 0 to the eight digit numbers to make it nine digits long, i.e. 099-999-999.
