MARKET INFRASTRUCTURE

Fintech / Regtech

SEBI Plans to Move to One-Hour Stock Settlement Cycle

By Editors | 06/09/2023

India just completed a move from T+2 to T+1 settlement in January. Reportedly, implementation of one-hour settlement is likely by March 2024.

Fintech / Regtech

RBI Permits Banks to Use UPI With Credit Lines

By Sanday Chongo Kabange | 05/09/2023

Scheduled commercial banks can now transfer funds to and from credit lines through the UPI system.

Crypto / Digital Assets

LSEG to Push Forward Plans to Develop Digital Markets Business

By Editors | 05/09/2023

LSEG has been exploring a possible blockchain-powered trading venue for about a year and has now reached an “inflection point”.

Market Infrastructure

NZX Adds Financial Recovery Tools to Operational Rules

By Sanday Chongo Kabange | 04/09/2023

The amendments will take effect on 1 December, introducing five recovery tools to help manage a potential default by a market participant.

Market Infrastructure

SEBI Proposes Formation of New Agency to Validate Performance Claims

By Sanday Chongo Kabange | 04/09/2023

SEBI proposes to create a new independent body that would validate performance claims made by intermediaries such as fund managers and investment advisers.

Market Infrastructure

Japan FSA Revises OTC Derivatives Reporting Requirements

By Manesh Samtani | 04/09/2023

The FSA is making changes to its guidelines to remove the “UPI” and “Delta” requirements from the 1 April 2024 go-live date.

Capital / Liquidity

PBOC Cuts FX Reserve Requirement, Eases Mortgage Policies

By Manesh Samtani | 04/09/2023

The measures are part of efforts to support the economy, the property sector, and the Chinese yuan.

Fintech / Regtech

China Issues New Data Security Rules for Money Brokers

By Editors | 03/09/2023

The rules set out requirements for money brokers that provide data services to customers. A list of permitted data recipients is published.

Market Infrastructure

CSRC Unveils 19-Point Enhancement Plan for Beijing Stock Exchange

By Editors | 01/09/2023

The plan includes more market makers, and greater participation from overseas investors, publicly offered funds, and private equity funds, among other measures.