HKMA and SFC to implement international standards on financial market infrastructures

On 28 March 2013, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) jointly announced their commitment to comply with the new international regulatory standards on financial market infrastructures. They are contained in the ‘Principles for Financial Market Infrastructures’ jointly issued by the Committee on Payment and Settlement Systems of the Bank for International Settlements and the International Organization of Securities Commissions in April 2012.

These standards are intended to harmonise and, where appropriate, strengthen the existing international standards for payment systems, central securities depositories, securities settlement systems, and central counterparties.

The HKMA and the SFC plan to implement these standards within their respective regulatory frameworks through their respective regulatory guidelines. The HKMA has already revised its oversight guidelines on the designated systems for clearing and settlement. The SFC will issue its guidelines for recognised clearing houses soon…

If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from DLA Piper

View more briefings from DLA Piper

Analysis from The Lawyer

View more analysis from The Lawyer


3 Noble Street

Turnover (£m): 1,566.29
No. of lawyers: 3,961 (UK 200)
Jurisdiction: global
No. of offices: more than 75
No. of qualified lawyers: 542 (International 50)
No. of partners: 142.6