RESERVE BANK OF AUSTRALIA
Corporations Act 2001
Notification of revocation of Financial Stability Standards
The Reserve Bank of Australia (Reserve Bank) gives notice under paragraph 827D(9)(a) of the Corporations Act 2001 (the Act) that it has, pursuant to subsection 827D(8) of the Act, revoked the Financial Stability Standard for Central Counterparties (FSS 2003.1) and the Financial Stability Standard for Securities Settlement Facilities (FSS 2003.2), each as varied, with effect on 29 March 2013.
The Reserve Bank has determined new financial stability standards that will replace FSS 2003.1 and FSS 2003.2, and that set out enhanced risk management requirements for clearing and settlement facility licensees that operate a central counterparty or securities settlement facility.
Glenn Stevens
Governor
Reserve Bank of Australia
10 December 2012