Market Infrastructure

Market Infrastructure

US SEC Sets May 2024 Target for Move to T+1 Settlement Cycle

By Editors | 16/02/2023

SEC commissioners Hester Peirce and Mark Uyeda say the 28 May 2024 effective date does not leave enough time for the market to transition.

Market Infrastructure

ASIC to Modify Scope of Clearing Derivatives Obligation

By Editors | 15/02/2023

ASIC proposes to replace products referencing USD LIBOR with OIS contracts referencing SOFR, and to remove AUD forward rate agreements.

Market Infrastructure

Beijing Bourse Launches Margin Trading, Securities Lending

By Editors | 15/02/2023

On Monday, eligible securities firms were for the first time allowed conduct margin trading and securities lending transactions on the Beijing Stock Exchange.

Market Infrastructure

SEBI Enhances Regulatory Obligations for Important Stock Brokers

By Editors | 14/02/2023

SEBI will designate certain stockbrokers as ‘qualified stock brokers’ and require them to meet enhanced obligations and responsibilities.

Fintech / Regtech

CSRC Releases Four New Standards for Securities Industry

By Editors | 14/02/2023

The standards include new penetrating testing guidelines which the CSRC says will strengthen the security of information systems in the industry.

Market Infrastructure

Japan, EU Establish Cooperation Framework on Insurance Supervision

By Editors | 14/02/2023

The cooperation framework promotes mutual understanding, exchange of information and technical assistance between the FSA and EIOPA.

Market Infrastructure

CFIUS Confirms ‘Excepted Foreign State’ Status for UK, New Zealand

By Editors | 13/02/2023

UK and New Zealand investors do not have to undergo national security reviews for noncontrolling investments in the US.

Market Infrastructure

IAIS Consults on New Guidance for Policyholder Protection Schemes

By Editors | 13/02/2023

The paper describes current practices and is intended to serve as a guide for jurisdictions considering establishing a PPS or modifying an existing PPS.

Crypto / Digital Assets

Deutsche Börse, Google Cloud Establish Partnership on Digital Assets

By Sanday Chongo Kabange | 12/02/2023

Deutsche Börse Group will leverage Google Cloud to accelerate the development of digital securities platform D7, and deliver crypto spot and derivatives products.