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Securities / Derivatives
SEBI Consults on Introducing Same Day Settlement of Equity Trades
By Ajoy K Das | 26/12/2023
The consultation paper proposes that T+0 settlement would be optional alongside the existing T+1 settlement system.
Market Infrastructure
RBI Issues Draft Framework for SROs of Regulated Entities
By Ajoy K Das | 23/12/2023
The framework sets out the responsibilities of SROs, expectations on governance, and eligibility criteria for recognition as SROs.
Market Infrastructure
UK, Switzerland to Mutual Recognise Financial Services Laws
By Editors | 22/12/2023
For certain sectors, UK financial services firms will be able to serve clients in Switzerland while largely following UK rules, and vice versa.
Fintech / Regtech
RBA Sets Expectations for Enhanced Debit Card Market
By Sanday Chongo Kabange | 22/12/2023
The RBA wants all industry participants to support token portability and token synchronisation by June 2025.
Market Infrastructure
UK FCA Issues Listing Reform Proposals for Consultation
By Manesh Samtani | 22/12/2023
The FCA is also consulting on rules for a bond market consolidated tape and proposals to increase the availability of bond and derivatives information.
Market Infrastructure
SEBI Directs Clearinghouses to Back-up Risk Management Systems
By Ajoy K Das | 22/12/2023
Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.
Securities / Derivatives
IFSCA Working Group Issues Recommendations on Direct Listing Framework
By Ajoy K Das | 22/12/2023
The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.
Market Infrastructure
HK AFRC to Start Inspections of Mainland Auditors of HK-Listed Entities
By Sanday Chongo Kabange | 22/12/2023
Under a partnership with Chinese authorities, the AFRC will start to inspect engagements involving audit working papers located on the Mainland.
Market Infrastructure
China to Add Macau Pataca to Interbank FX Trading System
By Editors | 22/12/2023
Trading in the RMB/MOP currency pair will launch on 2 January 2024, and in the USD/MOP and HKD/MOP pairs from 2 March.
Market Infrastructure
SEBI Directs FMIs to Self-Assess Compliance With PFMIs
By Ajoy K Das | 21/12/2023
Depositories and clearing corporations are directed to assess their compliance with the PFMIs on a periodic basis and report the results to SEBI.
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