Regulatory Alerts2025-02-27
Added · Updated
NZCDC Section 39(3) Notice of Approval of Rule Change - 28 March 2025
The Financial Markets Authority and the Reserve Bank of New Zealand approved rule changes to the NZCDC Settlement System rules pursuant to an application by New Zealand Clearing Limited. The amendments update regulatory references, clarify definitions for the Direct Clearing Model, enhance client funds protection disclosures, and provide flexibility for overnight cash balances. These changes take effect at 09:00 on 28 March 2025.
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