Document ID: chunk:federal_register_of_legislation:F2017L01028:body:0:p1
Version: federal_register_of_legislation:F2017L01028
Segment Type: other
Provision Reference: 
Character Range: 0–3221

Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2017

Reporting Standard ARS 731.3B International Banking Statistics – Immediate and Ultimate Risk Exposures – Foreign Entity

Financial Sector (Collection of Data) Act 2001

I, Katrina Ellis, 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. 29 of 2008, including Reporting standard ARS 231.3B International Exposures: Consolidated (Foreign Entity) made under that Determination; and

     (b) DETERMINE Reporting Standard ARS 731.3B International Banking Statistics - Immediate and Ultimate Risk Exposures – Foreign Entity ('the reporting standard'), 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, and the revoked reporting standard shall cease to apply, on 1 October 2017.

This instrument commences on 1 October 2017.

Dated: 08 August 2017

[Signed]

Katrina Ellis
General Manager
Data Analytics

Interpretation

In this Determination

APRA means the Australian Prudential Regulation Authority.

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

Schedule

Reporting Standard ARS 731.3B International Banking Statistics - Immediate and Ultimate Risk Exposures – Foreign Entity comprises the 24 pages commencing on the following page.

Reporting Standard ARS 731.3B

International Banking Statistics – Immediate and Ultimate Risk Exposures – Foreign Entity

Objective of this Reporting Standard
This reporting standard outlines the requirements for the provision of information to APRA relating to a foreign subsidiary bank's, or a branch of a foreign bank's, international exposures.

It includes Reporting Form ARF 731.3B International Banking Statistics – Immediate and Ultimate Risk Exposures – Foreign Entity (ARF 731.3B) 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 this Reporting Standard is used by APRA for the purposes of satisfying Australia's obligations in providing aggregate international banking statistics to the Bank for International Settlements, and may be used by APRA for prudential regulation purposes. It may also be used by the Reserve Bank of Australia.

Application and commencement

    3.             This reporting standard applies to an authorised deposit-taking institution (ADI) as set out in the table below.

Class of ADI              Applicable
Australian-owned Bank     No
Foreign Subsidiary Bank   Yes
Branch of a Foreign Bank  Yes
Building Society          No
Credit Union              No
Other ADIs                No

    4.             This Reporting Standard applies for reporting periods ending on or after 31 December 2017.