Content of licensed CS facility’s written procedures
7.3.06 Content of licensed CS facility’s written procedures
For subsection 822A(2) of the Act, the following matters are matters in respect of which a licensed CS facility must have written procedures:
arrangements to ensure the integrity and security of systems (including computer systems);
identifying and monitoring risks that are relevant to the licensed CS facility;
the development of rules and procedures to address those risks;
exchange of appropriate information with:
other clearing and settlement facilities; and
financial markets; and
ASIC and the Reserve Bank of Australia;
relating to participants and their activities that are relevant to the licensed CS facility;
the provision of information about the procedures of the licensed CS facility, including rights, obligations and risks relating to the facility;
arrangements for supervising the licensed CS facility, including the monitoring of compliance by participants and issuers with the operating rules of the licensed CS facility.
This Act’s bill:Explanatory statement
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