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

    PRA Finalizes Supervisory Approach for Non-Systemic Banks in UK

    PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.

    April 15, 2021 WebPage Regulatory News
    News

    EBA Finalizes Standards on Methods of Prudential Consolidation

    EBA published a report that sets out the final draft regulatory technical standards specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).

    April 15, 2021 WebPage Regulatory News
    News

    EBA Updates List of Other Systemically Important Institutions in EU

    EBA updated the list of other systemically important institutions (O-SIIs) in EU.

    April 15, 2021 WebPage Regulatory News
    News

    BCBS Report Concludes Basel Risk Categories Can Capture Climate Risks

    BCBS published two reports that discuss transmission channels of climate-related risks to the banking system and the measurement methodologies of climate-related financial risks.

    April 14, 2021 WebPage Regulatory News
    News

    UK Authorities Welcome FSB Review of their Remuneration Regime

    UK Authorities (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.

    April 14, 2021 WebPage Regulatory News
    News

    PRA and FCA Letter on Addressing Risks from Use of Deposit Aggregators

    PRA and FCA jointly issued a letter that highlights risks associated with the increasing volumes of deposits that are placed with banks and building societies via deposit aggregators and how to mitigate these risks.

    April 14, 2021 WebPage Regulatory News
    News

    MFSA to Amend Banking Act and Rules in Coming Months to Transpose CRD5

    MFSA announced that amendments to the Banking Act, Subsidiary Legislation, and Banking Rules will be issued in the coming months, to transpose the Capital Requirements Directive (CRD5) into the national regulatory framework.

    April 14, 2021 WebPage Regulatory News
    News

    EC Delegated Regulation on Specialized Lending Exposures Under CRR

    EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.

    April 14, 2021 WebPage Regulatory News
    News

    OSFI Proposes to Enhance Assurance Expectations for Basel Returns

    OSFI launched a consultation to explore ways to enhance the OSFI assurance over capital, leverage, and liquidity returns for banks and insurers, given the increasing complexity arising from the evolving regulatory reporting framework due to IFRS 17 (Insurance Contracts) standard and Basel III reforms.

    April 13, 2021 WebPage Regulatory News
    News

    ECB Issues Results of Benchmarking Analysis of Recovery Plans of Banks

    ECB published results of the benchmarking analysis of the recovery plan cycle for 2019.

    April 13, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6858