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AML / KYC
European Parliament Gives Final Approval on MiCA Law
By Manesh Samtani | 21/04/2023
MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.

Market Infrastructure
CFETS Invites Foreign Investors to Apply for Membership
By Editors | 20/04/2023
Foreign institutional and central bank-like investors investing in China’s bond market can apply to become CFETS members and participate in the FX market.

Fintech / Regtech
Financial Sector Participating in Global Cyber Defence Exercise
By Editors | 20/04/2023
FS-ISAC member firms including Barclays, CME Group, Mastercard and Santander are participating in the so-called ‘Locked Shields’ exercise this year.

Crypto / Digital Assets
BIS, BOE Unveil Findings from Payments Synchronisation Project
By Manesh Samtani | 19/04/2023
Project Meridian demonstrated the ability to synchronise property ownership transfer with payment settlement using central bank money.

Crypto / Digital Assets
Australia Considers Outright Ban on Ransom Payments
By Mark Johnston | 19/04/2023
The ACSC recommends that victims of ransomware attacks never pay a ransom. The government is considering a law prohibiting attack victims from paying ransoms.

Market Infrastructure
NSE IFSC-SGX Connect to Fully Launch on 3 July
By Editors | 18/04/2023
SGX will migrate all open positions in SGX Nifty to the relevant NSE IFSC NIFTY contracts during the weekend of 30 June.

Market Infrastructure
BOE, CFTC Strengthen Supervisory Cooperation on CCPs
By Editors | 18/04/2023
The Bank of England will rely on the CFTC for supervision and oversight of US-based CCPs offering clearing services in the UK.

Market Infrastructure
DSB Launches UPI User Acceptance Test Environment
By Manesh Samtani | 17/04/2023
The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.

Big Picture
AFME, FESE Call for Action on EU Consolidated Tape
By Editors | 17/04/2023
Ahead of EU trilogues on the MiFIR Review, AFME is highlighting the important role of systematic internalisers and FESE is calling for a PFOF ban.

ESG / Sustainability
HKEX: Climate-related Disclosures to Become Mandatory in 2024
By Manesh Samtani | 16/04/2023
New rules aligned with the TCFD recommendations and the ISSB Climate Standard will become effective in January 2024.
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