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Thomas Murray - Monthly Newsletter

As a local market infrastructure entity or interested participant, Thomas Murray is pleased to send you our April newsletter. This newsletter provides access to the top stories we reported on as part of our on-going surveillance of local capital markets worldwide. We currently track over 100 securities markets, 140 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 88 markets worldwide, assessing the post trade risk exposures faced by international investors.

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Morocco - Change to Penalty Charges for Late Settlement

The Casablanca Stock Exchange will amend the penalty applied to brokers for late settlement of on-exchange transactions, effective 1 April 2009. From this date, the failing brokers will be subject to a penalty as follows...

Zambia - Directive Prohibiting the Extension of Credits to Non-Residents

The Bank of Zambia issued a directive prohibiting the extension of loans/credits and provision of other sources of Kwacha (ZMK) funding to non-residents, effective 2 March 2009. The directive affects...

Singapore - SGX to Revise its Fails Management

Singapore Exchange Limited (SGX) has issued a public consultation which proposes to revise the Central Depository’s (CDP) settlement processes in order to reduce the fails due to non-delivery of securities in the market...

Denmark, Finland, Sweden - CCP for Nordic Markets - Update

Further to our previous newsflash, the Swedish, Finnish and Danish Financial Supervisory Authorities have now approved the optional CCP clearing. The service is launched today, 20 March 2009...

Bulgaria - BSE Rules on Surveillance and Risk Management

The Financial Supervisory Commission has approved the Surveillance Rules and Risk Management Rules of the Bulgarian Stock Exchange (BSE), effective from 11 March 2009. The new rules are aimed at ensuring...

 

Total Number of Thomas Murray Flashes Issued: Mar 2009

Depository/CSD Risk Flashes 65 (933 year on year)
Capital Market Infrastructure Risk Flashes 71 (827 year on year)

 

Worth Knowing

Depository Risk Flashes

Egypt - MCDR Receives ISO IEC 27001:2005 Certification

Vietnam - VSD to Enhance Connection with its Members

Peru - CAVALI to Increase Minimum and Target Amounts for Settlement Fund

Poland - Depository and Settlement System Improvements at KDPW - Update

Germany - CBF to Introduce Non-Income Compensation Procedure

Capital Market Infrastructure Risk Rating Flashes

Jordan - ASE and SDC Implement Securities Position Checking System

Uganda - Uganda Migrates from Nominee to Segregated Structure

Pakistan - SBP Fully Implements RTGS

Argentina - OTC and MERVAL Change Rules for Selling Securities in Foreign Currency

Ukraine - Parliament Adopted Joint Stock Companies Law - Update

 

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April 2009

 

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For further information contact:

Derek Duggan, Director.
Tel: +44 (0)20 7830 8300
Email: dduggan@thomasmurray.com