INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS

Market Infrastructure

ESMA Publishes Final Guidelines, Validation Rules for EMIR Refit

By Editors | 22/12/2022

ESMA published its final guidelines for reporting under EMIR, the final validation rules, and reporting instructions for outgoing and incoming messages.

Market Infrastructure

FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’

By Manesh Samtani | 19/12/2022

Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.

ESG / Sustainability

Japan Finalises Code of Conduct for ESG Data Providers

By Manesh Samtani | 19/12/2022

The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.

Capital / Liquidity

FSB to Revise Recommendations on Fund Liquidity Management

By Editors | 15/12/2022

Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.

Market Infrastructure

Japan FSA Finalises New Derivatives Reporting Guidelines

By Editors | 12/12/2022

The guidelines and associated reporting requirements will take effect on 1 April 2024, incorporating the UTI and CDE.

Fintech / Regtech

CFTC Goes Live With New Swap Data Reporting Requirements

By Editors | 07/12/2022

The changes introduce new and updated data fields to drive the submission of more standardised trade data, largely based on the CDE developed by CPMI and IOSCO.

Big Picture

IOSCO Offers Guidance to Regulators on Investor Education, Protection

By Editors | 03/12/2022

IOSCO report proposes seven sound practices for regulators to consider when designing financial and investor education initiatives, particularly during periods of crisis.

Market Infrastructure

CPMI, IOSCO Identify Cyber Resilience Weaknesses at Some FMIs

By Editors | 30/11/2022

Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.

Crypto / Digital Assets

IOSCO to Develop Regulatory Guidance for Crypto Market

By Editors | 30/11/2022

IOSCO chair Jean-Paul Servais said new standards for regulating “crypto conglomerates” are an “obvious necessity.”