Commonwealth Consolidated Regulations

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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:

                     (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.

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