Featured Product

    IOSCO Consults on Issues for Regulating Crypto-Asset Trading Platforms

    May 28, 2019

    IOSCO published a consultation on issues, risks, and regulatory considerations related to Crypto-Asset Trading Platforms. The report sets out key considerations that are intended to assist regulatory authorities in evaluating Crypto-Asset Trading Platforms within the context of their regulatory frameworks. The comment period for this consultation ends on July 29, 2019.

    The primary topics covered in the report include access to Crypto-Asset Trading Platforms, safeguarding participant assets, conflicts of interest, operations of Crypto-Asset Trading Platforms, market integrity, price discovery, and technology. The consultation report outlines risks and issues that have been identified so far and sets out the key considerations that may be relevant for regulatory authorities that are considering the potentially novel and unique issues related to the regulation of Crypto-Asset Trading Platforms. The consultation report focuses on trading of crypto-assets on Crypto-Asset Trading Platforms when a regulatory authority already determined that it has the legal authority to regulate those assets or the specific activity involving those assets rather than analyzing the criteria that is used by regulatory authorities to determine whether a crypto-asset falls within its remit. 

    Many of the issues related to the regulation of Crypto-Asset Trading Platforms are common to traditional securities trading venues, but may be heightened by how Crypto-Asset Trading Platforms are operated. Where a regulatory authority has determined that a crypto-asset is a security and falls within its remit, the basic principles or objectives of securities regulation should apply. The report, therefore, sets out that the IOSCO principles and methodology provide useful guidance for regulatory authorities considering the identified issues and risks.

    Annex A to the report contains information that many IOSCO members have provided about what they have published with respect to their regulatory framework applicable to the Crypto-Asset Trading Platforms that are within their jurisdiction. In preparing this report, IOSCO also conducted a survey on the Crypto-Asset Trading Platforms regulatory approaches that are currently applied or are being considered in member jurisdictions. Annex B of the report includes a summary of the findings of this survey.


    Related Links

    Comment Due Date: July 29, 2019

    Keywords: International, Securities, Crypto Assets, Crypto Asset Trading Platform, Securities Regulations, Cryptocurrency, IOSCO

    Related Articles
    News

    MAS Concludes Blockchain Payments Prototype Shows Commercial Potential

    MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.

    July 13, 2020 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Validation Rules in July 2020

    APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    July 10, 2020 WebPage Regulatory News
    News

    PRA to Partly Apply EBA Guidelines on Disclosures for COVID Measures

    PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

    July 10, 2020 WebPage Regulatory News
    News

    EBA Updates List of Correlated Currencies Under CRR

    EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5469