Existing bank guarantees created from client funds must be wound down by 30 September, to prevent misuse of investors' money.
May 2, 2023SEBI proposes to require trading and clearing members to move all client funds to clearing corporations at the end of each trading day to prevent broker misuse.
February 7, 2023The implementation timeline for the new framework on client collateral segregation and monitoring has been extended to 2 May 2022.
March 7, 2022ESMA has identified four elements of climate risk that may adversely impact CCPs - physical risk, rapid transition risk, business risk, and collateral replacement risk.
March 2, 2022SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.
October 3, 2021The changes align CDP’s default management process with global practices, improve efficiency, and enable speedier resolution of any clearing member default.
September 6, 2021Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.
June 1, 2021From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.
November 18, 2020Foreign banks in Hong Kong that are unable to become full clearing members can use the 'Sponsored Settlement Member' model to access central clearing via OTC Clear.
August 31, 2020CPMI and IOSCO have asked CCPs to address a number of issues related to default management auctions within 24 months.
June 27, 2020