In December 2012 the Committee on Payment and Settlement Systems (CPSS) (which is now known as the Committee on Payments and Market Infrastructures (CPMI)) and the International Organization of Securities Commissions (IOSCO) published a disclosure framework designed to improve the overall transparency of financial market infrastructures (the Disclosure Framework). The Disclosure Framework primarily covers qualitative data that need relatively infrequent updating.
To complement the Disclosure Framework the CPMI and IOSCO have now published a paper on public quantitative disclosure standards for central counterparties (CCPs). These quantitative disclosures, together with the Disclosure Framework, form the minimum disclosures expected of CCPs under Principle 23, Key Consideration 5 of the CPSS-IOSCO Principles for Financial Market Infrastructures.
CCPs are encouraged to complete this minimum set of disclosures as soon as practicable, and by 1 January 2016 at the latest, and to update in accordance with the frequencies set out in the matrix below.
View CPMI and IOSCO issue quantitative disclosure standards for central counterparties, 26 February 2015