Regulatory Alerts2023-07-31
FMI Standard 17B: Critical Service Providers
The Reserve Bank of New Zealand and the Financial Markets Authority jointly issued this standard to regulate designated financial market operators' relationships with critical service providers. Operators must manage these relationships to ensure service continuity and require providers to maintain robust operational, financial, and technological risk management practices. Additionally, operators are mandated to identify their critical service dependencies and disclose this information to the regulator and relevant participants.
Share