Document ID: chunk:federal_register_of_legislation:F2021L00322:body:0:p1
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Financial Sector (Collection of Data) (reporting standard) determination No. 10 of 2021

Reporting Standard ARS 722.0 ABS/RBA Derivatives

Financial Sector (Collection of Data) Act 2001

I, Alison Bliss, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard ARS 722.0 ABS/RBA Derivatives, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 4 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 31 March 2021.

This instrument commences on 31 March 2021.

Dated: 22 March 2021

[Signed]

Alison Bliss
General Manager
Data Analytics and Insights 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 722.0 ABS/RBA Derivatives comprises the document commencing on the following page.

Reporting Standard ARS 722.0

ABS/RBA Derivatives

Objective of this Reporting Standard

This Reporting Standard outlines the requirements for the provision of information to APRA relating to an authorised deposit-taking institution's 2008 System of National Accounts (SNA08) / Balance of Payments Manual 6 (BPM 6) derivatives.

It includes Reporting Form ARF 722.0 ABS/RBA Derivatives and the associated specific instructions.

Authority

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

Purpose

    2.              Information collected by Reporting Form ARF 722.0 ABS/RBA Derivatives (ARF 722.0) is used by the ABS and RBA for various purposes, including the compilation of Australia's National Accounts. This information may also be used by APRA for prudential and publication purposes.

    3.              This Reporting Standard is an Economic and Financial Statistics (EFS) Reporting Standard for the purposes of paragraph 3 of Reporting Standard ARS 701.0 ABS/RBA Definitions for the EFS Collection (ARS 701.0).

Application and commencement

    4.              This Reporting Standard applies to an authorised deposit-taking institution (ADI) as set out in the table below.

Class of financial institution        ARF 722.0

ADI Derivatives Reporting Category A  Yes

ADI Derivatives Reporting Category B  No

    5.              This Reporting Standard applies for reporting periods ending on or after 31 March 2021.

Information required

    6.              An ADI to which this Reporting Standard applies must provide APRA with the information required by ARF 722.0 for each reporting period at a domestic books consolidation.

Method of submission

    7.              The information required by this Reporting Standard must be given to APRA in electronic format using an electronic method available on APRA's website or by a method notified by APRA prior to submission.

Reporting periods and due dates
    8.              The information required by this Reporting Standard must