Regulatory Alerts2023-07-31
LSEG Response to the RBNZ and FMA's Exposure Draft FMI Standards
LSEG responds to the Reserve Bank of New Zealand and Financial Markets Authority's exposure drafts of Financial Market Infrastructure standards under the FMI Act 2021. The submission strongly supports the proposed overseas equivalence framework and alignment with CPMI-IOSCO principles to balance financial system protection with regulatory efficiency. The response specifically addresses compliance for LCH Limited's SwapClear service and endorses the proposed transitional arrangements for implementation by August 2023.
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