Regulatory Alerts2023-07-31
FMI Standard 23A: Disclosing Compliance with the FMI Standards
The Reserve Bank of New Zealand and the Financial Markets Authority jointly issued FMI Standard 23A to mandate public disclosure of compliance by designated Financial Market Infrastructure operators. The standard requires operators of pure payment systems, securities settlement systems, central securities depositories, and central counterparties to publish a detailed disclosure document using a prescribed template on their websites. Operators must maintain this document with updates following material changes and at least every two years to ensure public accessibility and transparency regarding their risk management and operational practices.
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