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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.
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.
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