On Oct. 9, TAI EXC, TAI TPEX revised rules for renaming of FIDO.
TAI EXC, TAI TPEX revised Standards governing principal identification and management of credit line categorization in the processing by securities firms of account opening.
To reflect the renaming of the system, from Financial FIDO to Financial Fast-ID.
Follows TAI FSC Aug. 2024 renamed the system to Financial Fast-ID, see #175966.
Effectiveness
The amendments are effective from Oct. 9, 2024.
Oct. 9, 2024 Internal Control Specification
On Oct. 9, 2024, TAI EXC amended the Standards and specifications for internal control systems of securities firms, to align with the renaming of Financial Fast-ID.
TAI EXC also amended Rules establishing standards for the internal control systems of securities introducing broker businesses operated by futures commission merchants.
The amendment will be effective from Nov. 1, 2024.
Document dated Oct. 9, 2024, received from TAI EXC Oct. 15, summarized Oct. 16.
