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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.
ESG / Sustainability
HKGFA Publishes Guidance on Using Common Ground Taxonomy
By Manesh Samtani | 23/09/2022
The Common Ground Taxonomy can be used for debt issuance, equity portfolio construction, index creation, company and fund disclosures, and policy settings.
Market Infrastructure
HKMA Signals Coming Enhancements to Wealth Connect Scheme
By Editors | 22/09/2022
Enhancements could include measures to improve sales arrangements, expand the product scope, and allow more financial institutions to participate.
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