Market Infrastructure

Market Infrastructure

Indonesian Lawmakers Pass Personal Data Protection Law

By Editors | 28/09/2022

The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.

Market Infrastructure

SEBI Orders Separation Between CRAs and Non-Rating Affiliates

By Editors | 27/09/2022

Credit rating agencies are directed to strengthen their internal firewalls and formulate a policy on their separation/firewall practices by January 2023.

Market Infrastructure

Australia: Optus Data Breach to Prompt Legislative Reform

By Manesh Samtani | 27/09/2022

Australian Prime Minister Anthony Albanese said the Optus breach was a “huge wake-up call” for the corporate sector.

Market Infrastructure

Japan Commences Holiday Trading in Derivatives Market

By Editors | 25/09/2022

Holiday trading is now allowed on Osaka Exchange and TOCOM – for index and commodity futures and options.

Market Infrastructure

RBNZ, FMA Seeks Feedback on Draft FMI Standards

By Sanday Chongo Kabange | 25/09/2022

The FMI Standards are likely to be issued in early 2023 and take effect around 1 August 2023 – once FMI designations are complete.

Enforcement

China to Increase Penalties for Breaches of Cybersecurity Law

By Darien Choong | 24/09/2022

Operators of critical information infrastructure using products or services that have not undergone security evaluations will face fines of up to 5 percent of annual revenue.

Big Picture

DTCC Warns of Risks from Quantum Computing Technology

By Editors | 23/09/2022

DTCC outlines steps firms should take to prepare for the emergence of new post-quantum cryptography standards. Final standards are scheduled for 2024.

Big Picture

AFME Considers Implications of an EU Move to T+1 Settlement

By Editors | 23/09/2022

AFME acknowledges the benefits of T+1 settlement but calls for an industry task force to be set up to conduct a detailed assessment.

Securities / Derivatives

Tokyo, New York Bourses to Promote Cross-border Investment

By Editors | 23/09/2022

The NYSE and TSE will collaborate on product development, marketing, information sharing, and the use of digital technologies in market operations.