Restrictions will continue on intra-day short sales, with changes proposed to the stock exchange trading system and application of an ‘at-tick’ rule
These new draft Regulatory Technical Standards revise the current framework to bring requirements for exchange of variation margin for over-the-counter derivatives trades into line with BCBS-IOSCO standards applicable in many other key jurisdictions
The new functionality is expected to improve operational efficiency and remove unnecessary complexity so that overall risk is mitigated and collateral is ultimately released quicker