Regulatory Alerts2023-07-31
Guidance for Financial Market Infrastructures Standards
The Reserve Bank of New Zealand and the Financial Markets Authority issued this guidance to assist designated Financial Market Infrastructure operators in complying with the FMI Standards under the Financial Market Infrastructures Act 2021. The document provides detailed interpretations of 23 standards covering legal basis, governance, risk management, and operational resilience, while clarifying specific applicability to different FMI types and central bank-operated systems. It emphasizes that the guidance explains regulatory expectations for meeting legal obligations rather than imposing new obligations itself.
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