Regulatory Alerts2016-06-16
Added · Updated
Notice SFA 03AA-N02 Financial Market Infrastructure Standards for CSDs
The Monetary Authority of Singapore issued this notice to establish mandatory compliance standards for Regulated Central Securities Depositories under the Securities and Futures Act. The document requires these entities to implement robust legal, governance, and risk management frameworks covering areas such as participant defaults, operational resilience, and custody safety. Additionally, it mandates specific requirements for transparency, disclosure of fees and procedures, and the management of risks associated with tiered participation and cross-border links.
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