MARKET INFRASTRUCTURE

Market Infrastructure

China Implements Registration-based IPO System on Main Markets

By Editors | 19/02/2023

The new system simplifies the process for companies seeking to raise funds through mainboard listings on the Shanghai and Shenzhen stock exchanges.

Enforcement

US SEC, CFTC Penalise OCC Over Internal Rule Violation

By Editors | 19/02/2023

As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.

Market Infrastructure

Australia Considers 116 Proposals to Reform Privacy Law

By Editors | 19/02/2023

The proposals include increasing individuals privacy rights and imposing additional obligations on organisations in possession of personal data.

Market Infrastructure

UK CCPs Directed to Update Outsourcing Agreements by Feb 2024

By Mark Johnston | 19/02/2023

New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.

Securities / Derivatives

CFTC to Require UPIs in Swaps Reporting Starting Jan 2024

By Editors | 17/02/2023

UPIs issued by the DSB will be required in reporting credit, equity, foreign exchange, and interest rate swaps from 24 Jan 2024.

Market Infrastructure

Bursa Malaysia Launches Low Latency Connectivity Solution

By Editors | 17/02/2023

International market participants can access Bursa Malaysia’s data feed via more than 900 data centres in 32 countries.

Market Infrastructure

US SEC Sets May 2024 Target for Move to T+1 Settlement Cycle

By Editors | 16/02/2023

SEC commissioners Hester Peirce and Mark Uyeda say the 28 May 2024 effective date does not leave enough time for the market to transition.

Market Infrastructure

ASIC to Modify Scope of Clearing Derivatives Obligation

By Editors | 15/02/2023

ASIC proposes to replace products referencing USD LIBOR with OIS contracts referencing SOFR, and to remove AUD forward rate agreements.

Market Infrastructure

Beijing Bourse Launches Margin Trading, Securities Lending

By Editors | 15/02/2023

On Monday, eligible securities firms were for the first time allowed conduct margin trading and securities lending transactions on the Beijing Stock Exchange.