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|Financial System Legislation Amendment (Resilience and Collateral Protection) Bill 2016: a quick guide||341.56 KB|
This Bill seeks to ensure that Australian entities will be able to comply with new international margin requirements for non-centrally cleared over-the-counter (OTC) derivative transactions, which are due to come into force from September 2016.
The purpose of the Financial System Legislation Amendment (Resilience and Collateral Protection) Bill 2016 (the Bill) is to amend the Payment Systems and Netting Act 1998 (the Act) to: