Federal Register of Legislation
Banking, Insurance, Life Insurance and Superannuation (prudential standard) determination No. 2 of 2022
Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives
Banking Act 1959
Insurance Act 1973
Life Insurance Act 1995
Superannuation Industry (Supervision) Act 1993
I, Renée Roberts, a delegate of APRA:
(a) under subsections 11AF(3) of the Banking Act 1959 (the Banking Act), 32(4) of the Insurance Act 1973 (the Insurance Act), 230A(5) of the Life Insurance Act 1995 (the Life Insurance Act), and 34C(6) of the Superannuation Industry (Supervision) Act 1993 (the SIS Act) REVOKE Banking, Insurance, Life Insurance, and Superannuation (prudential standard) determination No. 1 of 2022, including Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives made under that determination;
(b) under subsection 11AF(1) of the Banking Act, DETERMINE the prudential standard in the form set out in the schedule, which applies to all ADIs and authorised banking NOHCs;
(c) under subsection 32(1) of the Insurance Act, DETERMINE the prudential standard in the form set out in the schedule, which applies to all general insurers and authorised insurance NOHCs;
(d) under subsection 230A(1) of the Life Insurance Act, DETERMINE the prudential standard in the form set out in the schedule, which applies to all life companies, including friendly societies, and registered life NOHCs; and
(e) under subsection 34C(1) of the SIS Act, DETERMINE the prudential standard in the form set out in the schedule, which applies to all RSE licensees.
This instrument commences on 1 January 2023.
Dated: 1 December 2022
[signed]
Renée Roberts Executive Director Policy and Advice Division Interpretation In this instrument:
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