Document ID: chunk:federal_register_of_legislation:F2023L01437:body:0:p1
Version: federal_register_of_legislation:F2023L01437
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Financial Sector (Collection of Data) (reporting standard) determination No. 131 of 2023

Reporting Standard ARS 226.0 Margining and risk mitigation for non-centrally cleared derivatives

Financial Sector (Collection of Data) Act 2001
I, Andrew Robertson, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

    (a)   determine Reporting Standard ARS 226.0 Margining and risk mitigation for non-centrally cleared derivatives, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.
Under section 15 of the Act, I declare that the reporting standard shall begin to apply to those financial sector entities at the start of the day after it is registered on the Federal Register of Legislation.

This instrument commences at the start of the day after the day the instrument is registered on the Federal Register of Legislation.

Dated: 26 October 2023

Andrew Robertson
Acting Chief Data Officer
Technology and Data Division

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

Federal Register of Legislation means the register established under section 15A of the Legislation Act 2003.

    financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard ARS 226.0 Margining and risk mitigation for non-centrally cleared derivatives comprises the document commencing on the following page.

Reporting Standard ARS 226.0

Margining and risk mitigation for non-centrally cleared derivatives
Objectives of this Reporting Standard
This Reporting Standard requires an authorised deposit-taking institution to submit information to APRA relating to margining exposures for non-centrally cleared derivatives.
It includes Reporting Form ARF 226.0 Margining and risk mitigation for non-centrally cleared derivatives and associated instructions and should be read in conjunction with Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives.

Authority
     1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose
2.             Information collected in Reporting Form ARF 226.0 Margining and risk mitigation for non-centrally cleared derivatives is used by APRA for the purpose of prudential supervision, including assessing compliance with Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226). It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).

Application
3.             This Reporting Standard applies to all authorised deposit-taking institutions (ADIs) other than providers of purchased payment facilities and Restricted ADIs. This Reporting Standard also applies to a non-operating holding company (NOHC) of an ADI that meets the requirements of paragraph 6.

Commencement
4.             This Reporting Standard applies for reporting periods ending on or after 30 September 2023.