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Determination of Financial Stability Standards
made under subsection 827D(1) of the

Corporations Act 2001

                      Compilation No. 3

                Compilation date: 24 June 2024

                Includes amendments: Financial Stability Standards for Securities Settlement Facilities Revocation 2024

About this compilation

This compilation

This is a compilation of the Determination of Financial Stability Standards that shows the text of the law as amended and in force on 24 June 2024 (the compilation date).

The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.

Uncommenced amendments

The effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.

Application, saving and transitional provisions for provisions and amendments

If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.

Modifications

If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.

Self‑repealing provisions

If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.

Contents

Determination of Financial Stability Standards

Annexure A – CCP Standards

Endnotes

         RESERVE BANK OF AUSTRALIA

Corporations Act 2001

Determination of Financial Stability Standards

Pursuant to subsection 827D(1) of the Corporations Act 2001 (the Act), the Reserve Bank of Australia (Reserve Bank) determines the following financial stability standards that apply to certain classes of clearing and settlement facility licensees:

     1. Financial Stability Standards for Central Counterparties as set out in Annexure A (CCP Standards).

In accordance with paragraph 827D(5)(a)(ii) of the Act, the CCP Standards will come into force as follows:

CCP Standards

CCP Standards 3.5, 4.8, 7.3, 7.9, 13.1, 13.2, 13.3, 14.3 and 16.11 will come into force on 31 March 2014. All other CCP Standards will come into force on 29 March 2013.

ANNEXURE A – CCP Standards

Financial Stability Standards for
Central Counterparties

Introduction

The Financial Stability Standards for Central Counterparties (CCP Standards) are determined under section 827D(1) of the Corporations Act 2001 (the Act). The CCP Standards apply to all holders of an Australian Clearing and Settlement (CS)