Regulatory Alerts2023-07-31
Standard 8: Settlement Finality
The Reserve Bank of New Zealand and the Financial Markets Authority jointly issued Standard 8 to mandate settlement finality for designated financial market infrastructure operators. The regulation requires operators to ensure clear and certain final settlement by the end of the value date through defined rules and procedures. It further mandates specific operational mechanisms, such as real-time gross settlement for high-value systems, to mitigate legal and settlement risks.
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