Regulatory Alerts2018-04-17
Joint Standard: Requirements and Duties of a Trade Repository
The Authority and the Prudential Authority issue this Joint Standard to prescribe licensing requirements and ongoing operational duties for trade repositories and external trade repositories under the Financial Markets Act. The regulation mandates robust governance structures, independent risk and compliance functions, and comprehensive risk management frameworks to ensure operational resilience and data integrity. It further enforces strict controls on outsourcing, non-discriminatory user access, continuous supervisory data sharing, and secure transaction data retention for a minimum of five years.
Share