This month, we examine recent regulatory and market updates issued by key regulators in the financial services sector.
We take a cursory look at the key insights from these updates and their impact on relevant stakeholders.
REGULATORY UPDATES
Guidance Note to Capital Market Operators and Public Companies on Board Appointments and Director Tenure
By a circular dated 19 June 2025 (the “Circular”), the Securities and Exchange Commission (the “SEC”), issued mandatory directives relating to the governance structure, and tenure of directors serving on the boards of capital market entities.
To provide clarity on the intent and scope of the Circular, the SEC subsequently released a guidance note explaining key terms and outlining its expectations. Below are the key highlights:
