MARKET INFRASTRUCTURE

    Market Infrastructure

    EU Member States Agree on Revisions to CSDR

    By Editors | 27/12/2022

    The mandatory buy-in regime would be used as a “measure of last resort”, activated only in the case where the “level of settlement fails would be substantial in the EU.”

    Fintech / Regtech

    BNM Finalises New Rules for Payment System Operators

    By Editors | 22/12/2022

    The policy document primarily sets out regulatory requirements covering governance and risk management, in alignment with the PFMI.

    Crypto / Digital Assets

    ESMA Issues Guidelines for Operators of DLT Market Infrastructure

    By Editors | 22/12/2022

    The guidelines include templates firms can use to apply for permission to operate DLT market infrastructure under the EU’s DLT Pilot Regulation.

    Market Infrastructure

    ESMA Publishes Final Guidelines, Validation Rules for EMIR Refit

    By Editors | 22/12/2022

    ESMA published its final guidelines for reporting under EMIR, the final validation rules, and reporting instructions for outgoing and incoming messages.

    Market Infrastructure

    ASIC Finalises Changes to OTC Derivatives Reporting Rules

    By Manesh Samtani | 22/12/2022

    ASIC has consolidated a proposed two-stage process for updating the rules into a single update commencing 21 October 2024.

    Market Infrastructure

    CSRC Sets 26 December Launch Date for DvP Reforms

    By Editors | 20/12/2022

    From 26 December, DvP settlement will be enabled for proprietary and custody business involving institutional investors.

    Crypto / Digital Assets

    Indonesian Lawmakers Pass Major Financial Sector Reforms

    By Editors | 20/12/2022

    The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.

    Market Infrastructure

    Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA

    By Editors | 20/12/2022

    Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.

    Market Infrastructure

    SFC, CSRC Announce Move to Expand Scope of Stock Connect

    By Editors | 19/12/2022

    After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.

    Market Infrastructure

    EU Council Agrees to Implement Global Minimum Tax

    By Editors | 19/12/2022

    The 15% corporate minimum tax rate is expected to be transposed into EU wide rules by end-2023 and prompt other countries to speed up efforts to implement the measure.

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