Commonwealth Consolidated Regulations

CORPORATIONS REGULATIONS 2001 - REG 7.3.06

    For subsection   822A(2) of the Act, the following matters are matters in respect of which a licensed CS facility must have written procedures:

  (a)   arrangements to ensure the integrity and security of systems (including computer systems);

  (b)   identifying and monitoring risks that are relevant to the licensed CS facility;

  (c)   the development of rules and procedures to address those risks;

  (d)   exchange of appropriate information with:

  (i)   other clearing and settlement facilities; and

  (ii)   financial markets; and

  (iii)   ASIC and the Reserve Bank of Australia;

    relating to participants and their activities that are relevant to the licensed CS facility;

  (e)   the provision of information about the procedures of the licensed CS facility, including rights, obligations and risks relating to the facility;

  (f)   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.