Search engine for discovering works of Art, research articles, and books related to Art and Culture
Javascript must be enabled to continue!
LEGAL ASPECTS OF MANAGING FAILURE OF A CENTRAL SECURITIES DEPOSITORY (CSD) PARTICIPANT
View through CrossRef
The success of the financial market in South Africa is dependent on investor confidence and such confidence is dependent on market stability and certainty with regard to the financial risks to which market participants are exposed when trading on the financial markets. Even before the global meltdown impacted on South Africa, some concerns were raised that the South African legal framework pertaining to the financial market does not contain comprehensive principles regulating the procedures and legal position after the event of insolvency of a market participant. In response, Strate Limited, with the assistance of other market players, has drafted a proposed manual, the Participant Failure Manual, regulating the event of insolvency of market participants, referred to as “Participant Failure”. This note aims to discuss the meaning of Participant Failure, provide an overview of the Participant Failure Manual and more importantly, discuss the impact of Participant Failure on settlement, and recommendations as proposed in the Manual.
Title: LEGAL ASPECTS OF MANAGING FAILURE OF A CENTRAL SECURITIES DEPOSITORY (CSD) PARTICIPANT
Description:
The success of the financial market in South Africa is dependent on investor confidence and such confidence is dependent on market stability and certainty with regard to the financial risks to which market participants are exposed when trading on the financial markets.
Even before the global meltdown impacted on South Africa, some concerns were raised that the South African legal framework pertaining to the financial market does not contain comprehensive principles regulating the procedures and legal position after the event of insolvency of a market participant.
In response, Strate Limited, with the assistance of other market players, has drafted a proposed manual, the Participant Failure Manual, regulating the event of insolvency of market participants, referred to as “Participant Failure”.
This note aims to discuss the meaning of Participant Failure, provide an overview of the Participant Failure Manual and more importantly, discuss the impact of Participant Failure on settlement, and recommendations as proposed in the Manual.
Related Results
The Future of Securities Law in the Supreme Court
The Future of Securities Law in the Supreme Court
Since the enactment of the first federal securities statute in 1933, securities law has illustrated key shifts in the Supreme Court’s jurisprudence. During the New Deal, the Court’...
The Inclusive Innovation of Blockchain in Securities Issuance: Reduced Inequalities of Investors
The Inclusive Innovation of Blockchain in Securities Issuance: Reduced Inequalities of Investors
As an important driving force of financial technology, many financial institutions are exploring the application and scenario landing of blockchain. With the rise of the blockchain...
Development and Validation of Machine-Learning Clear-Sky Detection Method Using 1-Min Irradiance Data and Sky Imagers at a Polluted Suburban Site, Xianghe
Development and Validation of Machine-Learning Clear-Sky Detection Method Using 1-Min Irradiance Data and Sky Imagers at a Polluted Suburban Site, Xianghe
Clear-sky detection (CSD) is of critical importance in solar energy applications and surface radiative budget studies. Existing CSD methods are not sufficiently validated due to th...
Objectifying the Role of the Depressor Anguli Oris Muscle Using High-Resolution Ultrasound: A Prospective Study
Objectifying the Role of the Depressor Anguli Oris Muscle Using High-Resolution Ultrasound: A Prospective Study
Background:
In the setting of facial palsy, synkinesis of the depressor anguli oris (DAO) muscle is a common pathology, impairing dynamic and resting facial symmetry.
...
THE ANALOGY OF STATUTE AND THE ANALOGY OF LAW AS DOCTRINAL INSTRUMENTS FOR LEGAL RESPONSE TO ECONOMIC CHALLENGES
THE ANALOGY OF STATUTE AND THE ANALOGY OF LAW AS DOCTRINAL INSTRUMENTS FOR LEGAL RESPONSE TO ECONOMIC CHALLENGES
Ukraine's contemporary legal system is undergoing a period of significant transformation, which necessitates not only a robust and stable legal framework, but also a flexible doctr...
Autonomy on Trial
Autonomy on Trial
Photo by CHUTTERSNAP on Unsplash
Abstract
This paper critically examines how US bioethics and health law conceptualize patient autonomy, contrasting the rights-based, individualist...
Index futures trading, margin trading and securities lending in China finally launched
Index futures trading, margin trading and securities lending in China finally launched
PurposeThe purpose of this paper is to discuss the trial implementation of stock index futures trading, margin trading and securities lending in China – approved in principle by th...
A Study on Risk Management in Security Market
A Study on Risk Management in Security Market
Investors need to invest their money in line with their financial goals. They also need liquidity to be able to exit the investments. Securities markets provide a cost-efficient an...