Market Infrastructure

Market Infrastructure

HKEX to Launch New IPO Settlement Platform in June 2023

By Editors | 29/05/2022

HKEX will host technical workshops and demonstration sessions in the coming months, and commence FINI user registration and on-boarding in Q4 2022.

Market Infrastructure

Hong Kong, US to End Mutual Recognition of Accountants

By Editors | 29/05/2022

An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.

Securities / Derivatives

WFE Sheds Light on Effectiveness of Circuit Breakers

By Editors | 26/05/2022

The study shows that the circuit breakers triggered during the March 2020 volatility contributed to alleviating financial market pressures.

Market Infrastructure

BSP Issues Draft Operating Rules for RTGS Payment System

By Sanday Chongo Kabange | 26/05/2022

The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.

Market Infrastructure

Implementation of Global Tax Reforms to Be Delayed

By Editors | 26/05/2022

The full text of the agreement will not be ready by mid-year as originally planned. Implementation is now expected in 2024 rather than 2023.

Crypto / Digital Assets

SWIFT to Develop Capabilities to Interlink CBDCs With Payment Systems

By Sanday Chongo Kabange | 25/05/2022

SWIFT will seek to interlink multiple CBDC platforms with existing payment systems, using existing bank messaging standards and authentication models.

Market Infrastructure

Singapore, Switzerland to Promote Cross-border Data Connectivity

By Editors | 25/05/2022

MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.

Market Infrastructure

SEBI Updates Market Infrastructure Cyber Security Framework

By Editors | 24/05/2022

Stock exchanges, clearing corporations, and depositories are required to conduct a comprehensive cyber audit at least twice each financial year.

Market Infrastructure

CSRC to Fully Implement DvP Settlement in Securities

By Editors | 24/05/2022

The rules taking effect on 20 June will enable DvP settlement for institutional investors and reduce the reserves settlement participants have to hold.