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Kima Network 🤝 DeFinity Markets We are happy to share that Kima Network has partnered with DeFinity Markets, a data-centric institutional digital asset ECN, created to address the governance and conduct issues raised by regulators. 💪In this synergy is exploring ways to: 🚀Integrate Kima's infrastructure  to offer an omni-asset institutional settlement layer that is both custody agnostic and cross-chain. 🚀Incorporate  Kima's Delivery vs. Payment (DVP) solution - a unique peer-to-peer settlement mechanism for digital assets, which will enable DeFinity to net the balances of its trading partners securely and efficiently. 🚀Leverage Kima’s cross-ecosystem functionality will empower DeFinity's users with seamless access to liquidity across multiple chains. 🔗 Check out more about our partnership here: https://shorturl.at/zuyYQ

The Unique Product Identifier (UPI) is a code used for OTC derivatives that are reported to a trade repository - their purpose is to help identify the relevant OTC derivative. UPIs are required under both EU and UK EMIR Refit, and will also be required under the upcoming ASIC and MAS Rewrites. Do you need assistance generating or retrieving a UPI? At TRAction, we will retrieve or create UPIs for our clients where they do not already have them from their counterparty. See our new article below for more information. https://lnkd.in/gmNKyc9Q #EMIR #ASIC #MAS #TransactionReporting #RegulatoryReporting #RegTech

Deciphering OTC Derivatives Reporting: Understanding LEI, UPI, and UTI Requirements The regulations for OTC Derivatives, Dodd Frank Act in USA and European Market Infrastructure Regulations (EMIR) in EU, require three reference data elements for OTC derivatives reporting purposes. In response to these regulations, the following three reference data have been developed. 1. LEI (Legal Entity Identifier) for identifying the reporting entity. 2. UPI (Unique Product Identifier) for identifying the product being traded. 3. UTI (Unique Trade Identifier) for identifying the actual transaction that has taken place between the parties. Tap on the below link to know more. #OTCderivatives #derivativesreporting #uniqueproductidentifier #finance

SEBI: INTRODUCES NEW FRAMEWORK FOR PERFORMANCE EVALUATION OF MIIS   SEBI introduces new parameters for the performance evaluation of market infrastructure institutions (MIIs), including stock exchanges, clearing corporations, and depositories with an aim to enhance transparency, accountability and efficiency in securities market; Elucidates the minimum criteria for independent external evaluation, including factors such as resilience in technology and processes, investor education and protection, efficient regulatory role, compliance, governance, and resources; Regulator mandates a rating framework to ensure consistency in assessments and performance comparisons across MIIs every 3 years, starting from FY 2024-2025; Also sets forth guidelines for selecting independent external agencies, timelines for evaluation, and performance evaluation metrics for key management personnel, including the Managing Director.

Our Managing Director, Emma K., shares insights with DerivSource on the essential role of OTC derivatives identifiers in 2024, highlighting the implementation of UPI reporting across various jurisdictions. As we look toward 2025, we expect further discussions to refine these identifiers, ultimately strengthening regulatory oversight. Read the full article here: https://lnkd.in/d-gW9BYz 

🌐 Exploring the World of #TokenizedTreasuries with Zoniqx (Formerly Tassets)! Tokenized treasuries are transforming the way we invest in government securities. Unlike direct commodities, these innovative tokens represent units of a money market fund. As such, they comply with stringent financial regulations, including Know Your Customer (KYC) protocols, ensuring a secure investment environment. 🔶 Here’s how it works: 🔸 Issuer Role: A licensed fund manager creates and manages the money market fund, navigating through complex regulations to provide a stable investment product. 🔸 Treasury Transactions: The issuer collaborates with treasury and bond brokers, or directly with the U.S. Government, to manage the fund’s assets based on its size. 🔸 Custodial Security: All assets, including treasuries and repo agreements, are securely held by a custodian, maintaining an updated ledger of all holders and balances. Zoniqx (Formerly Tassets)'s Impact: At Zoniqx, we redefine asset management with our proprietary #TALM - Tokenized Asset Lifecycle Management. This solution covers everything from primary token issuance to establishing secondary trading exchanges, powered by our revolutionary #DyCIST (ERC-7518) protocol. Since 2017, Zoniqx has issued billions in assets on platform (AoP), providing institutions with advanced #tokenization features, holistic market solutions, and a fully compliant framework. Our technology ensures seamless, secure investments across diverse global markets. Stay informed and explore more about how tokenized treasuries can diversify your investment portfolio! CC: CoinGecko

Sifma Releases Findings from Regulated Settlement Network PoC The findings demonstrated the potential of shared ledger technology to settle tokenised money and securities and address current inefficiencies and operational risks. SIFMA https://lnkd.in/draW2Kk9

It was a big week for Chatsworth client REGnosys, who announced a new partnership with The Depository Trust & Clearing Corporation (DTCC).    The collaboration aims to support industry adoption of the ISDA Digital Regulatory Reporting (DRR) solution and foster compliance with forthcoming global derivatives trade reporting rewrites.   As part of the partnership, REGnosys’s Rosetta platform is connecting to the testing environment of DTCC’s Global Trade Repository service.   To find out more, read the article in Securities Finance Times here: https://lnkd.in/ekdfWbiJ   #DTCC #ISDA #DRR #reportingrewrites #digitalregulatoryreporting #EMIRrefit #CFTCrewrite #Regtech #fintech

On June 3, 2024, SEBI notified the Securities and Exchange Board of India (Foreign Portfolio Investors) (Amendment) Regulations, 2024, amending the 2019 regulations. These provisions took effect on June 3, 2024. Key updates include revisions to Regulation 7 concerning the "Certificate of Registration." Foreign Portfolio Investors (FPIs) holding securities or derivatives in India with invalid certificates as of June 3, 2024, are allowed to sell these securities or close their open derivative positions within 360 days from this date. Contact us: +91 8951644484 | customer.care@mindsync.co.in | www.mindsync.co.in #MindSyncIndia #MindSync #WeAreMindSync #SEBI #ForeignPortfolioInvestors #FPIs #AmendmentRegulations #SecuritiesMarket #InvestorRegulations #FinancialRegulations #MarketCompliance

XBRL Is the way to go ! Insights from 2024 Global Fintech Fest! At the 2024 Global Fintech Fest, one of the world's largest fintech conferences, SEBI Chief Madhabi Puri Buch pointed out that SEBI is encouraging the use of XBRL (eXtensible Business Reporting Language) for standardized and efficient reporting. This move aligns with SEBI's broader goals of leveraging technology to promote transparency, ease of doing business, and innovation in the financial sector. SEBI's adoption of XBRL-based reporting marks a significant shift in the financial industry, driving enhanced transparency, accountability, and regulatory efficiency. For SEBI's XBRL initiative, Microvista has successfully implemented XBRL-based reporting systems at the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), and Metropolitan Stock Exchange (MSEI). By leveraging Microvista's expertise in XBRL, organizations can ensure accurate, timely, and compliant financial reporting, which is critical in today's stringent regulatory environment. #XBRL #Microvista #BSE #NSE #MSEI #SEBI #GFF #StockExchanges #SecurityExchanges #Regtech #compliance #ESG