Clearing and Settlement Facilities
Standards
Clearing and settlement (CS) facilities are systems that clear and settle transactions in securities such as bonds and equities, and in derivative instruments such as options and futures. The Reserve Bank of Australia has formal responsibility for ensuring that licensed CS facilities conduct their affairs in a way that is consistent with financial system stability.
The Reserve Bank determined Financial Stability Standards for licensed CS facilities, in accordance with subsection 827D(1) of the Corporations Act 2001, on 30 May 2003. The Financial Stability Standard for Securities Settlement Facilities was varied on 1 June 2005 to introduce a threshold exemption. A measure to the standard was varied on 24 February 2009 to give effect to disclosure of equities securities lending. The Financial Stability Standard for Central Counterparties was varied on 24 February 2009 to clarify oversight arrangements for overseas central counterparties licensed under subsection 824B(2) of the Corporations Act 2001.
Financial Stability Standard for Central Counterparties
Financial Stability Standard for Securities Settlement Facilities
Determination and Variation of the Standards
Notice of Variation of the Financial
Stability Standard for Central Counterparties
[PDF 364K]
February 2009
Notice of Variation of the Financial
Stability Standard for Securities Settlement Facilities
[PDF 96K]
February 2009
Notice of Variation
[PDF 54K]
June 2005
Transitional Relief under Financial Stability
Standard FSS 2003.1
[PDF 41K]
September 2004
Transitional Relief under Financial Stability
Standard FSS 2003.1
[PDF 49K]
March 2004
Gazettal Notice and Annex
[PDF 2M]
May 2003
Assessing the Sufficient Equivalence of an Overseas Regulatory Regime
Guidance to the Reserve Bank’s Approach
Related Material
Recommendations
for Central Counterparties
[PDF 690K]
Joint CPSS/IOSCO Report
November 2004
Recommendations
for Securities Settlement Systems
[PDF 269K]
Joint CPSS/IOSCO Consultative Report
January 2001
