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Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2020

Reporting Standard ARS 222.2 Exposures to Related Entities – Step-in risk

Financial Sector (Collection of Data) Act 2001

I, John Lonsdale, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard ARS 222.2 Exposures to Related Entities – Step-in 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 January 2022.

This instrument commences on 1 January 2022.

Dated: 8 December 2020

[Signed]

John Lonsdale
Deputy Chair

Interpretation
In this Determination:

APRA means the Australian Prudential Regulation Authority.

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

Reporting Standard ARS 222.2 Exposures to Related Entities – Step-in risk comprises the document commencing on the following page.

Reporting Standard ARS 222.2

Exposures to Related Entities – Step-in risk

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

Purpose
2.             Information collected under this Reporting Standard is used by APRA for the purpose of prudential supervision. 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 locally incorporated authorised deposit-taking institutions (ADIs) with the exception of providers of purchased payment facilities (PPFs).

Commencement
4.             This Reporting Standard commences on 1 January 2022 and applies to reporting periods ending on or that date.

Information required
5.             A locally incorporated ADI to which this Reporting Standard applies must provide APRA with the information required by Reporting Form ARF 222.2 Exposures to Related Entities – Step-in Risk (ARF 222.2) on a Level 1 basis for each reporting period.

Form and method of submission
6.             The information required by this Reporting Standard must be given to APRA in electronic format, using the 'Direct to APRA' application or by a method (i.e. web-based solution) notified by APRA prior to submission.
Note: The Direct to APRA application software (also known as D2A) may be obtained from APRA.

Reporting periods and due dates
7.             Subject to paragraph 9 of this Reporting Standard, an ADI to which this Reporting Standard applies must provide the information required by this Reporting Standard in respect of each financial year (within the meaning of the Corporations Act 2001) of the ADI.
8.             Subject to paragraph 10 of this Reporting Standard, the information required by this Reporting Standard must be provided