On 14 March 2019, the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions jointly published an update on the progress jurisdictions have made in implementing international standards for payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories.

The information is based on self-assessments made by individual jurisdictions of how they have adopted measures to implement the 24 Principles for financial market infrastructures (PFMI) and four of the five responsibilities for authorities that are included in the PFMI.

The update shows that further progress has been made among some participating jurisdictions. In particular, South Korea and South Africa have completed the process of adopting measures that will enable them to implement the PFMI for all financial market infrastructure types.