Clearing and settlement arrangements require approved counterparties and payment-system authorisation before operators provide fund-settlement services.

Electronic Trading Platform Operators facilitating clearing and settlement through an electronic system must maintain satisfactory arrangements for timely discharge of transaction rights and liabilities, and disclose the arrangements and changes to Participants. Such arrangements must be made with an entity approved in advance by the Authority. Operators intending to provide clearing or settlement of funds must obtain prior authorisation as a payment system operator before offering those services.

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