Market Infrastructure

Capital / Liquidity

PBOC Raises Costs for Firms to Bet Against the Yuan

By Editors | 29/09/2022

The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.

Market Infrastructure

SEBI Developing New Settlement Process for Stock Market

By Editors | 28/09/2022

Under the new system, funds for secondary stock market transactions would be blocked until securities settlement is done.

Market Infrastructure

India’s CCIL Proposes to Create Infrastructure for UMR Compliance

By Manesh Samtani | 28/09/2022

CCIL says market participants have expressed a desire since 2016 for it to provide the centralised infrastructure needed for UMR compliance.

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.