International Financial Services Centres Authority (Market Infrastructure Institutions) Regulations, 2021 Chapter IV GENERAL OBLIGATIONS OF A RECOGNISED STOCK EXCHANGE AND A RECOGNISED CLEARING CORPORATION
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Trading hours and settlement require daily settlement, risk-based futures collateralisation, and risk systems proportionate to operating hours. Trading hours are determined through cost-benefit analysis, capped at 23 hours and 30 minutes daily, with settlement required at least once a day. ... Summary
Trading hours and settlement require daily settlement, risk-based futures collateralisation, and risk systems proportionate to operating hours.
Trading hours are determined through cost-benefit analysis, capped at 23 hours and 30 minutes daily, with settlement required at least once a day. Clearing corporations must collateralise mark-to-market losses on open futures contracts at regular, risk-assessed intervals during trading. Recognised stock exchanges and clearing corporations must maintain risk management systems and infrastructure adequate for their trading hours and settlement arrangements.
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