Page 65 - 期貨和衍生品行業(yè)監管動(dòng)態(tài)（2024年4月）
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期貨和衍生品行業(yè)監管動(dòng)態(tài)
regulators. HM Treasury consulted on the DSS in July 2023, and laid the relevant
Statutory Instrument (SI) creating the DSS in December 2023.
3. The predominant existing legislation being tested is the UK Central Securities
Depositories Regulation (CSDR). This is amended via the DSS Statutory Instrument
and through transposing of firm-facing requirements into rules. These rules will be
applied to firms through Bank supervision in proportion to the amount of live activity
an authorised firm is permitted to undertake.
4. Firms seeking to operate securities settlement systems (and/or other activities
currently carried out by Central Securities Depositories (CSDs)) will be authorised by
the Bank as Digital Securities Depositories (DSDs). This includes the maintenance
and issuance of securities recorded on DLT.
5. The DSS will support multiple asset classes, including equities, corporate and
government bonds, asset-backed securities, units in collective investment schemes,
short-term money market instruments such as commercial paper and certificates of
deposit, and emissions allowances. Derivative contracts that require settlement on a
settlement system, and unbacked cryptoassets such as Bitcoin, are not in scope for the
DSS. The DSS will support both digitally native issued securities and digital
(tokenised) representation of existing securities.
6. The DSS will be open for applications to firms that are UK registered and
able to identify regulatory barriers that prevent the proposed activity being carried out
under existing regulations.
7. The Bank is continuously developing wholesale payments. Alongside the new
omnibus accounts available as part of the Banks’ Real-Time Gross Settlement (RTGS)
service, the Bank is exploring as part of its future roadmap for RTGS the possibility of
using a synchronised settlement interface to allow RTGS to interoperate with other
ledgers (such as digital securities ledgers in the DSS).
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