BIS’ Committee on Payments and Market Infrastructures (CPMI) and IOSCO have reported on the completeness and consistency of frameworks and outcomes arising from jurisdictions’ implementation of the responsibilities for authorities in the Principles for financial markets infrastructures (PFMI). The review found that a majority of the 28 participating jurisdictions achieved a high level of observance of the responsibilities as at 9 January 2015. Jurisdictions most frequently fell short of a fully observed rating in the case of trade repositories. CPMI and IOSCO will now consider the potential need for additional guidance. (Source: BIS Reports on Application of PFMI Responsibilities)