Latest Market Intelligence on Global Capital Market Infrastructures

April, 2012

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, 130 Central Securities Depositories and have Capital Market Infrastructure Risk Rating Reports on over 90 markets worldwide, assessing the post trade risk exposures faced by international investors.

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Top Stories

Belgium, France, Italy, Netherlands, Portugal, Switzerland, UK - Changes to Buy-in Procedures

Following the adoption of the new EU regulation related to short selling and certain aspects of credit default swaps by the Council of the European Union, LCH.Clearnet has announced that their buy-in procedures...

Canada - Maple Group's Offer to Acquire TMX - Update

Further to our previous newsflash, TMX Group and Maple Group Acquisition Corporation (Maple) reported that the Ontario Securities Commission (OSC) will develop draft recognition orders with detailed terms and conditions. The OSC will...

Global - EC Issues Proposal for CSD Regulation

Further to our previous newsflash, the European Commission (EC) proposed today, 7 March 2012, to set up a common regulatory framework for Central Securities Depositories (CSDs). The aim of the proposal is to bring more safety and efficiency to...

UAE - Possible Merger Between ADX and DFM

As per media sources, a committee including representatives from Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) has been formed in order to finalise discussions regarding the possible merger between...

Vietnam - Long-Term Strategy to Develop the Vietnam Securities Market

The Prime Minister has approved the strategy plan on the development of the Vietnam securities market covering 2011 - 2020. A number of initiatives will be implemented to promote the securities market and enhance...

Total Number of Thomas Murray Flashes Issued: March 2012

Depository/CSD Risk Flashes: 124 (1089 year on year)
Capital Market Infrastructure Risk Flashes: 118 (1097 year on year)

Worth Knowing

Depository Risk Flashes

Armenia - First-time Proprietary Rating for CDA (Armenia)

China - SZSE to Shorten the Settlement Cycle for Corporate Bonds to T+0

Clearstream Banking Luxembourg - Clearstream to Harmonise Record Dates for Global Bearer Instruments

Global - Consultation on Adaptation to Cross-CSD Settlement in T2S

Turkey - CRA to Introduce E-GAMS

Capital Market Infrastructure Risk Rating Flashes

Bulgaria - Privatisation of BSE-Sofia and CDAD

Hong Kong - Pilot Platform for Cross-Border Investment and Settlement of Debt Securities

Poland - Novation Concept to Be Introduced in Poland

Russia - MICEX-RTS Proposes Development Plan for 2012-2015

USA - Proposed SEC Rules to Protect investors from Identity Theft

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For further information contact:

Derek Duggan, Director, Data Services
Tel: +44 (0)20 8600 2300
Email: dduggan@thomasmurray.com