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Thomas Murray Data Services
Securities Newsletter

September 2013

As a local market infrastructure entity or interested participant, Thomas Murray Data Services is pleased to send you our September 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.

We would value your feedback on this newsletter. Should you wish to find out about subscribing to our services please feel free to contact us.

CMI in Focus - Governance and Transparency in CSDs

Thomas Murray Data Services maintains a wealth of information through the whole post-trade lifecycle of securities. In a series of monthly reports, Thomas Murray Data Services will be investigating global trends in the industry through analysis of particular areas of capital market infrastructure.

This month CMI In Focus discusses aspects of Governance and Transparency in CSDs, a new risk in Thomas Murray's CSD ratings and a key principle in the CPSS-IOSCO Principles for Financial Market Infrastructures (PFMI).

Click here to read the full article

Click here to read the full article.

Top Stories

Belgium - NBB's Securities Settlement System Adaptation for T2S

08 August, 2013

The central bank of Belgium, NBB, is in the process of developing a new securities settlement system (SSS) in connection with its migration to Target2-Securities (T2S). NBB is scheduled to join the T2S platform during the...

Brazil - BM&FBOVESPA CSD Implements New Functionalities for Voluntary Corporate Actions

06 August, 2013

BM&FBOVESPA has announced the implementation of new functionalities for its Voluntary Corporate Actions procedures which will be available to custodians from 19 August 2013 via the Online Central Depository (CAC). The new automated...

Indonesia - KSEI to Utilise BI RTGS Account for Cash Settlement

12 August, 2013

The Indonesia Central Securities Depository (KSEI) is planning to utilise its cash account in the Real Time Gross Settlement (RTGS) system of Bank of Indonesia (BI) to facilitate payments related to on-exchange transactions...

Russia - Moscow Exchange Announces Changes Involving T+2 Settlement

23 August, 2013

Moscow Exchange (ME) has announced some changes that will become effective from 2 September 2013 in its operations, including in the introduction of T+2 settlement. The salient points are...

Saudi Arabia - Tadawul Proposes Securities Independent Custody Model

30 August, 2013

The Saudi Stock Exchange (Tadawul) has proposed a new custody model, namely "Securities Independent Custody Model", which will enable custodians to participate in market settlement in the Saudi capital market. Details are summarised below...

Total Number of Thomas Murray Flashes Issued: August 2013

Securities Market Profiles Flashes: 252 (3039 year on year)

Central Securities Depository Flashes: 75 (1065 year on year)

Capital Market Infrastructure Flashes: 82 (1125 year on year)

Worth Knowing

Depository Risk Flashes

Bulgaria - Changes to CDAD Rules and Regulations

Kenya - Penalty for Late Acceptance and Re-allocation of Trades

Korea - KSD Amends Enforcement Rules for SBL Intermediation

Nicaragua - CENIVAL System Enhancement

United Arab Emirates - NASDAQ Dubai Introduces Transfer Fee For Debt Securities

Capital Market Infrastructure Risk Rating Flashes

Argentina - Argentina to Re-Open Exchange of Defaulted Debt

China - Enhancement of Bond Settlement in CIBM

Global - ESMA Issues Guidelines on Key Concepts of AIFMD

Israel - Initiative to Establish Online Voting System

Ukraine - NBU Regulation Introducing Clearing Guarantee Fund in Ukraine

In Focus

Latest Opinions

Italy introduces tax on HFT and derivatives trades

Phase Three CFTC Dodd-Frank clearing mandate due 9 September

Basel III capital requirements on track at world's top banks

IRS issues FATCA registration process

Trade repositories adjust targets in line with European ETD reporting delay

CCP application deadline for EMIR compliance looming

CPSS-IOSCO report on authorities' access to trade repositories

Contact Us

For further information on Securities contact:

Derek Duggan
dduggan@ds.thomasmurray.com
Tel. +44 (0) 20 8600 2300

For editorial enquiries contact:

Miles Reucroft
mreucroft@ds.thomasmurray.com
Tel. +44 (0) 20 8600 2300

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About Thomas Murray Data Services

Thomas Murray Data Services is a specialist custody rating, risk management, research and information provider specialising in the global securities services industry.

Our range of products and services provide reports on over 250 custodians, 130 central securities depositories and 100 markets globally.

© 2013 Thomas Murray Network Management Ltd.
Tel: +44 (0) 20 8600 2300   Email: enquiries@ds.thomasmurray.com
Registered Office: Horatio House, 77-85 Fulham Palace Road, Hammersmith, London W6 8JA