Financial Sector (Collection of Data) (reporting standard) determination No. 11 of 2020 (Cth)

Financial Sector (Collection of Data) (reporting standard) determination No. 11 of 2020

Reporting Standard ARS 222.0 Exposures to Related Entities

Financial Sector (Collection of Data) Act 2001

I, John Lonsdale, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) and subsection 33(3) of the Acts Interpretation Act 1901:

(a) REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 12 of 2018, including Reporting Standard ARS 222.0 Exposures to Related Entities made under that Determination; and

(b) DETERMINE Reporting Standard ARS 222.0 Exposures to Related Entities, in the form set out in the Schedule, which applies to the financial sector entities to the extent provided in paragraph 3 of the reporting standard.

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those financial sector entities, and the revoked reporting standard shall cease to apply, on 1 January 2022.

This instrument commences on 1 January 2022.

Dated: 8 December 2020

[Signed]

John Lonsdale Deputy Chair

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

financial sector entity has the meaning given by section 5 of the Act.

Schedule

Reporting Standard ARS 222.0 Exposures to Related Entities comprises the document commencing on the following page.

Reporting Standard ARS 222.0

Exposures to Related Entities

Authority 1. This Reporting Standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001.

Purpose 2. Information collected under this Reporting Standard is used by APRA for the purpose of prudential supervision. It may also be used by the Reserve Bank of Australia (RBA) and the Australian Bureau of Statistics (ABS).