Jurisdictions move towards full implementation of standards for financial market infrastructures

Today the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) released an update showing that 25 of the 28 jurisdictions participating in the implementation monitoring programme have adopted measures implementing the international standards for all types of financial market infrastructures (FMIs). Since the 2019 update, two jurisdictions - Indonesia and Saudi Arabia - have completed the process of adopting measures that will enable them to implement the Principles for financial market infrastructures (PFMI) for all FMI types.

The update is based on self-assessments by individual jurisdictions and covers the 24 Principles and four of the five Responsibilities for authorities that are included in the PFMI. The information is available through the Level 1 assessments online tracker. The CPMI and IOSCO encourage jurisdictions to continue to adopt measures that will enable them to fully implement the PFMI.