On 28 May 2014, the Committee on Payment and Settlement Systems (“CPSS”) and the International Organization of Securities Commissions (“IOSCO”) published a report on the implementation of monitoring of the Principles for Financial Market Infrastructures (“PFMIs”). The report summarizes the steps, as at 11 January 2014, taken by jurisdictions to implement the legal, regulatory and policy frameworks for financial market infrastructure. The Principles were adopted in April 2012 by the CPSS and IOSCO and apply to CCPs, trade repositories, payment systems, securities settlement systems and central securities depositories. The CPSS and IOSCO intend to publish a further update report later this year.
The report is available at: