Document ID: chunk:federal_register_of_legislation:F2015L00808:body:0:p6
Version: federal_register_of_legislation:F2015L00808
Segment Type: other
Provision Reference: 
Character Range: 14821–17515

RSE licensee (including the activities of each RSE within its business operations) and all other activities of the RSE licensee to the extent that they are relevant to, or may impact on, its activities as an RSE licensee.

Item 3  Item 3 column 1 is a derived item. Report in item 3 the amount of ORFR reserve in item 3 that is attributed across the RSE licensee's business operations in column 1 as the sum of the ORFR reserve reported as attributed to RSEs (excluding SAFs and SMADFs) in column 2 and attributed to SAFs and SMADFs in column 3.

Item 4  Item 4 column 1 is a derived item. Report in item 4 the amount of ORFR trustee capital in item 4 that is attributed across the RSE licensee's business operations in column 1 as the sum of the ORFR trustee capital reported as attributed to RSEs (excluding SAFs and SMADFs) in column 2, attributed to SAFs and SMADFs in column 3 and not attributed to an RSE, SAF or SMADF in column 4.

        The ORFR trustee capital reported in item 4 must equal the sum of the value reported for this item in the previous reporting period and transfers into ORFR trustee capital reported in item 8 minus transfers out of ORFR trustee capital reported in item 9.

Item 5                Report the ORFR tolerance limit (as set by the RSE licensee in accordance with Prudential Standard SPS 114 Operational Risk Financial Requirement (SPS 114)) in item 5.

                      Example: If the RSE licensee's ORFR target amount is $1,000,000 and the ORFR tolerance limit is 80 per cent, report $800,000.

ORFR tolerance limit  Represents the limit that reflects the level, across the RSE licensee's business operations, that reflects the level below ORFR target amount where the RSE licensee must take action to replenish financial resources held to meet the operational risk financial requirement. Reference: Prudential Standard SPS 114 Operational Risk Financial Requirement.

Transition and replenishment plans

Item 6 collects information on an RSE licensee's transition plans and replenishment plans as required in SPS 114.

Reporting basis: report item 6.1 and item 6.2 as at the end of the reporting period.

Unit of measurement: report dates in item 6.1 and item 6.2 as DD/MM/YYYY.

Item 6           If an RSE licensee has a transition plan or a replenishment plan for the ORFR in force, report 'yes, transition plan' or 'yes, replenishment plan' in item 6; otherwise, report 'no'. Report 'yes, replenishment plan' when a replenishment plan is in force at the same time as a transition plan. If 'no' is reported in item 6, leave item 6.1 and item 6.2 blank.

                 If an RSE licensee has a transition plan or a replenishment