Jocelyn Flaherty’s Post

Contribution to Core Settlement Guarantee Fund and Default Waterfall for Limited Purpose Clearing Corporation (PLCC): CIRCULAR SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/83 June 19, 2024 To All recognised Clearing Corporations Dear Sir/ Madam, Sub: 1. Para 6.5, 6.8 and Para 6.11 of Chapter 3 (Settlements) of the SEBI Master circular for Stock Exchanges and Clearing Corporations dated October 16, 2023 prescribe guidelines to the contributions by various contributors to Core SGF of Limited Purpose Clearing Corporation ( LPCC ) and Default waterfall of LPCC respectively. 2. Based on consultations with various stakeholders... ... ... http://dlvr.it/T8XLSZ #TaxLaws #Circulars #TaxTMI

RPT on Stock Exchanges in the International Financial Service Centre (IFSC) Well this RPT is not Related Party Transaction of Companies Act, it is Remote Trading Participants (RPT). Based on representations from market participants, requesting direct participation by foreign institutions on the Stock Exchanges. IFSC vide its circular dated April 3, 2024, decided to permit foreign entities, not having a physical presence in IFSC, to trade directly on the Stock Exchanges, on a proprietary basis, without a Broker-Dealer. Such an entity shall be referred to as a RTP. To onboard as RPT, an entity must satisfy certain conditions as specified in the circular enclosed for reference. #IFSC #trading #liquidity

Ensure #FinancialIntegrity with #ProofOfFunds (POF)! 💼 POF verifies investors have the capital for large projects, preventing unqualified submissions. Suisse Bank’s POF guarantees lawful resources with a dedicated covering letter. #SuisseBank #InvestmentProof

#roadtosibos | #SIBOS 2023 is around the corner. 💡 Check this conversation between Alan Cameron and Aman Mehta on compressing the settlement cycle in securities trading. ➡ https://bnpp.lk/EJ6d7E #BNPParibasAtSibos #DeliveringTheWorld

#News in Regulatory Updates! #CFTC #Swaps The Commodity Futures Trading Commission (CFTC) has recently approved final rules concerning swap confirmation requirements for swap execution facilities (SEFs). Key Amendments Include: - Enabling SEFs to reference terms from underlying, previously negotiated agreements in uncleared swap confirmations without having to obtain these agreements separately. - Clarifying that SEF-provided confirmations legally supersede conflicting terms in previous agreements, rather than the entire agreement, thus saving time and cost for counterparties. While the requirement for submitting underlying agreements to SEFs prior to execution has posed impractical burdens, these amendments aim to streamline the process and enhance efficiency. Stay informed and compliant with regulatory changes! #Leadership #Innovation #HedgeFunds #RegulatoryIntelligence #Sustainability #Management #Futurism #Reporting #SocialMedia #SEC #Governance #PrivateEquity #AlternativeInvestments Source: CFTC Press Release https://lnkd.in/gQb2QBvk)

Ensure #FinancialIntegrity with #ProofOfFunds (POF)! 💼 POF verifies investors have the capital for large projects, preventing unqualified submissions. Suisse Bank’s POF guarantees lawful resources with a dedicated covering letter. #SuisseBank #InvestmentProof

The CFTC has altered how covered entities fulfill their large trader reporting (LTR) obligations. Under the new rule, CFTC staff will have the authority to impose submission standards for large trader reports without notice and an opportunity to comment, in potential violation of the Administrative Procedure Act. Click below to download our Alert, which analyzes the CFTC's new LTR rules and their impact on reporting firms. Amanda K. Rice Yaakov Roth Brett Shumate Josh Sterling #CFTC #commodities

Joseph Russo and Olivia Russell will be attending the Association for Financial Professionals Conference in San Diego, California next week. Reach out to [email protected] to schedule a meeting and learn more about the market leading securities finance trading platform for repo, securities lending and money markets. #GLMX #AFP #AFP2023 #Markets #Repo #Treasury #SecuritiesLending #SecuritiesFinance

The SEC has proposed that clearing agencies offering clearing of U.S. #Treasuries should take steps to facilitate access to client clearing. DTCC General Manager of Fixed Income Clearing Corporation & Head of SIFMU Business Development, Laura Klimpel spoke today on a panel at the ISDA / SIFMA AMG Derivatives Trading Forum in NYC about client clearing models and the need for a flexible approach. DTCC’s latest paper to the industry, “Looking to the Horizon: Assessing a Potential Expansion of U.S. Treasury Central Clearing,” explores the potential impacts of the #SEC’s Expanded Clearing Proposal, as well as FICC’s open and flexible approach to central clearing. Read more: https://okt.to/x9ADRZ

Thank you to everyone who joined last week's webinar on the Centralized Multi-Entity CSD Solution, organized by ACSDA - Americas' Central Securities Depositories Association members. Our very own Miguel Espinoza, CSD Product Owner, shared insights on how the Centralized Multi-Entity CSD Solution is an innovative solution for the market. We had a wonderful group engaged from financial market infrastructures worldwide who were in search of enhanced operational efficiency. Stay tuned for more webinars! #WebinarSuccess #FinancialInnovation #ACSDAWebinar