Regulatory Alerts2022-05-17
Submissions on FMI Framework Consultation by NZX and LSEG
The Reserve Bank of New Zealand and the Financial Markets Authority issued a consultation on developing standards for designated Financial Market Infrastructures under the Financial Markets Infrastructures Act 2021. NZX Limited and London Stock Exchange Group submitted responses addressing transition timelines, cyber resilience requirements, and the tailoring of standards based on FMI scale and scope. Both entities emphasized the need for extended implementation periods for complex requirements and supported aligning domestic standards with international PFMI principles while ensuring appropriate treatment for overseas operators.
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