Market infrastructure definitions clarify institutional roles, control relationships, foreign jurisdiction eligibility, and clearing settlement mechanisms.

Definitions govern recognised market infrastructure institutions in an International Financial Services Centre, including stock exchanges, clearing corporations and depositories. Associate status covers control relationships, significant voting control, corporate relationships, relatives, Hindu Undivided Family membership, and circumstances involving control, independence or conflicts of interest. Foreign jurisdiction eligibility depends on recognised regulatory cooperation and the absence of specified Financial Action Task Force deficiencies. Netting offsets settlement obligations to determine net claims or liabilities, while novation makes recognised clearing corporations legal counterparties to trades.

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