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Print articleFinancial Market Infrastructures to be Further Regulated
December, 2022 - Yin Ge, Tiecheng YANG, Ting Zheng, Raymond YAN, Eryin YING, Lin ZHU[1]
On 14 December 2022, the People's Bank of China ("PBOC") issued for public comments the Measures for Administration and Supervision of Financial Market Infrastructures (the "FMI Measures"). The public comment period is open until 14 January 2023.According to PBOC in a separate explanatory statement, the legal regime governing China's financial market infrastructures ("FMIs") lag behind the rapid development of financial technology, and the absence of a unified regulation is not compatible with the complex international environment and the increasing external cybersecurity challenges.
