FINANCIAL SECTOR REFORM (AMENDMENTS AND TRANSITIONAL PROVISIONS) REGULATIONS 1999 1999 NO. 144 - REG 13 Application of APRA transitional prudential standards

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FINANCIAL SECTOR REFORM (AMENDMENTS AND TRANSITIONAL PROVISIONS) REGULATIONS 1999 1999 NO. 144 - REG 13

Application of APRA transitional prudential standards

(1): This regulation applies if:

(a): immediately before the transfer date:

(i): a body was an FIC body; and
(ii): a provision mentioned in Schedule 1 had effect in relation to the FIC body; and

(b): on the transfer date, the body becomes an ADI.

(2): The provision continues to have effect in relation to the ADI, after the transfer date, as an APRA transitional prudential standard.

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