Market Infrastructure

Market Infrastructure

UK Starts Preparing for Move to T+1 Settlement Cycle

By Manesh Samtani | 31/03/2024

Some operational changes will be implemented by end-2025, to enable the market to prepare for a full transition to T+1 before end-2027.

Market Infrastructure

China Starts Shutting Down Local Financial Asset Exchanges

By Editors | 29/03/2024

Local financial asset exchanges in Hunan, Liaoning, Xi’an and Chongqing have been closed, with regulators in other provinces and cities planning to do the same.

Market Infrastructure

Enhanced SMP Service for Derivatives to Launch in June: HKEX

By Sanday Chongo Kabange | 28/03/2024

Enhanced SMP features will be available for testing from 2 April. Optional readiness test will be held on 15 June ahead of the launch.

Securities / Derivatives

HKMA, SFC Call on Firms to Ensure Readiness for US Move to T+1

By Editors | 28/03/2024

Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.

ESG / Sustainability

Australia Tables Bill to Introduce Climate Disclosures, Strengthen FMI Regime

By Sanday Chongo Kabange | 28/03/2024

The legislation will implement new mandatory climate reporting requirements and strengthen regulatory arrangements for FMIs.

Securities / Derivatives

ISDA to Commence Work to Update FX Standards

By Manesh Samtani | 26/03/2024

CEO Scott O’Malia said ISDA is also prioritising the development of a new industry notices hub and continuing to engage with US policymakers on the proposed Basel III reforms.

Market Infrastructure

China Relaxes Rules on Cross-border Data Transfers

By Editors | 26/03/2024

The new rules allow businesses to transfer certain types of data overseas without declaration or security reviews, addressing concerns from foreign businesses.

AML / KYC

BSP Issues New Manual of Regulations for Payment Systems

By Sanday Chongo Kabange | 26/03/2024

​The manual sets out rules and regulations governing the operations of the national payment system, as well as payment providers.

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.