Market Infrastructure

Market Infrastructure

RBI Finalises New Framework for SROs of Regulated Entities

By Ajoy K Das | 26/03/2024

The RBI will start receiving applications from entities seeking to gain recognition as self-regulatory organisations for each regulated entity sector.

Big Picture

ESMA Publishes Industry Feedback on Adoption of T+1 in Europe

By Mark Johnston | 26/03/2024

The feedback was mixed. ESMA will seek to better understand the suitability, costs and benefits of a shorter settlement cycle and publish a final report by Jan 2025.

Fintech / Regtech

Australia’s High Value Clearing System Has Adopted ISO 20022

By Mark Johnston | 25/03/2024

The transition was one of the “largest and most complex programmes of work AusPayNet has undertaken to date in-house,” said CEO Andy White.

Securities / Derivatives

SGX Proposed to Refine Cap on Clearing Member Liability

By Editors | 25/03/2024

The proposed cap is designed to provide clearing members certainty on their potential exposures when multiple defaults occur.

Securities / Derivatives

HKMA, SFC Planning Sept 2025 Rollout of New Derivatives Reporting Regime

By Manesh Samtani | 25/03/2024

HKMA and SFC propose to adopt a ‘big bang’ approach to implementation, rolling out the UTI, UPI, CDE and ISO 20022 requirements on 29 September 2025.

Market Infrastructure

China Unveils 24-point Action Plan to Boost Foreign Investment

By Mark Johnston | 23/03/2024

Measures include expanded access to bank card clearing, commercial pension, health insurance, bond underwriting, treasury bond futures, and private equity business.

Market Infrastructure

EU, China Hold Inaugural Meeting of New Working Group

By Mark Johnston | 22/03/2024

Regulators from both sides discussed AML, supervisory cooperation, sustainable finance, capital markets, cross-border data transfers, payments, and CCP equivalence.

Securities / Derivatives

SEBI to Launch “Beta” Version of T+0 Settlement System on 28 March

By Ajoy K Das | 22/03/2024

The new optional same-day settlement cycle for equities will be tested with a “limited set of 25 scrips” and a “limited number of brokers”.

Securities / Derivatives

First Commodity Exchange Licence Granted in Bangladesh

By Ajoy K Das | 21/03/2024

Chittagong Stock Exchange will establish Bangladesh’s first commodity exchange, initially offering cash-settled gold, cotton and crude oil derivatives contracts.