| Subject Area | Financial Regulation and Supervision /Securities Regulation/General Regulation [more] |
| Issuing Body | CPSS-IOSCO Task Force on Securities Settlements Systems (IOSCO) [more] |
| Date | 01.01.2001 |
| Status | final |
| Language | |
| Location | http://www.bis.org/publ/cpss46.htm |
| Synoptic Description |
The report by the CPSS-IOSCO Joint Task Force on Securities Settlement Systems identifies minimum requirements that securities settlement systems should meet and the best practices that systems should strive for. These encompass the legal framework for securities settlement, risk management, access, governance, efficiency, transparency, and regulation and oversight. The proposed recommendations are designed to cover all systems for securities, including equities, corporate and government bonds and money market instruments, and securities issued in both industrialised and developing countries. They also aim to cover settlement of both domestic and cross-border trades (November 2001).
|