CCP regulation deemed equivalent in India, New Zealand and Japan; venues in Australia, Japan and Singapore.
Regulator says client account is suspected of being involved in market manipulation, account hacking.
Proposals cover eight main functions including compliance and AML/CTF.
Court order includes accusations that brokers are not ‘fit and proper’ to act in securities market.
Officers banned from the industry for using client money for personal use.
No individual involvement or human fault involved, report will say.
Some trades to be reported to exchange, others to the regulator itself.
Stocks can now rise or fall 20% in a session; previous downside limit was 10%.
FIs should also brace for more monitoring, enforcement, according to Deloitte, Simmons and Simmons.
Measures aim to strengthen risk management and ensure long-term bond market growth.