Regulatory Alerts2022-05-17
The Financial Market Infrastructures Act Implementation Plan
The Reserve Bank of New Zealand and the Financial Markets Authority issued this plan to implement the Financial Market Infrastructures Act over an 18-month transition period ending in late 2022. The document outlines key work streams including identifying systemically important FMIs, developing regulatory standards aligned with international best practices, and establishing a joint supervisory approach. It also details the use of information gathering powers, the drafting of commencement orders, and the fee structure for designated entities.
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