Document ID: chunk:federal_register_of_legislation:F2023L00288:front:0:p1
Version: federal_register_of_legislation:F2023L00288
Segment Type: other
Provision Reference: 
Character Range: 0–3101

Financial Sector (Collection of Data) (reporting standard) determination No. 2 of 2023

Reporting Standard ARS 116.0 Market Risk

Financial Sector (Collection of Data) Act 2001

I, Michael Murphy, 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)   REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2012, including Reporting Standard ARS 116.0 Market Risk made under that Determination; and

    (b)   DETERMINE Reporting Standard ARS 116.0 Market Risk, 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 on 1 April 2023, and the revoked reporting standard shall cease to apply, on 1 April 2023.

This instrument commences on 1 April 2023.

Dated: 16 March 2023

Michael Murphy
General Manager – Chief Data Officer (Acting),
Technology and Data Division

Interpretation

      In this Determination:

APRA means the Australian Prudential Regulation Authority.

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

Schedule

Reporting Standard ARS 116.0 Market Risk comprises the document commencing on the following page.

Reporting Standard ARS 116.0

Market Risk

Objective of this Reporting Standard

This Reporting Standard outlines the overall requirements for the provision of information to APRA relating to an authorised deposit-taking institution's market risk.

It includes the series of reporting forms ARF 116.0 Market Risk and should be read in conjunction with Prudential Standard APS 116 Market Risk.

Authority

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

Purpose

   2.        Information collected in the series of reporting forms ARF 116.0 Market Risk (ARF 116.0) is used by APRA for the purpose of prudential supervision including assessing compliance with Prudential Standard APS 116 Capital Adequacy: Market Risk (APS 116). It may also be used by the Reserve Bank of Australia and the Australian Bureau of Statistics.

Application and commencement

   3.        This Reporting Standard applies to all authorised deposit-taking institutions (ADIs), with the exception of:

       (a)          foreign ADIs; and

       (b)          ADIs that:

           (i)            do not conduct trading book activity and do not have any foreign exchange or commodity positions; and

           (ii)         have included a statement to this effect in their description of their risk management systems, and that statement also outlines the arrangements in place to ensure that trading book activity does not take place.

    This Reporting Standard may also apply to the non-operating holding company (NOHC) of an ADI (refer to paragraph 6).

   4.        This Reporting Standard applies