Consultation on Variation of the Financial Stability Standard for Central Counterparties: Oversight of Overseas Facilities 4. Key Issues for Respondents

The Reserve Bank invites comments on any aspect of this consultation document. In providing submissions, interested parties might wish to consider the following issues:

• the general approach proposed for regulation of overseas facilities in respect of matters related to stability;
• the proposed wording of the variation to the Standard and the nature of the proposed conditionality;
• the form of the annual statement of compliance and, in particular, whether the facility should be exempt only if it is able to provide a statement from its overseas regulator;
• the proposed wording of guidance for Section 824B(2) licensees and, in particular, the additional information requirements proposed; and
• the nature of the proposed information-sharing arrangements between the Reserve Bank, the overseas facility and the overseas regulator.