{"id":"F2012L02539","name":"Corporations Act 2001 - Revocation of Financial Stability Standards 2012","slug":"corporations-act-2001-revocation-of-financial-stability-standards-2012","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":126720,"registerId":"commonwealth-F2012L02539-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Corporations Act 2001 - Revocation of Financial Stability Standards 2012","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![](image.001.png)         RESERVE BANK OF AUSTRALIA   \n\nCorporations Act 2001\n\nRevocation of Financial Stability Standards\n\nPursuant to subsection 827D(8) of the Corporations Act 2001 (the Act), the Reserve Bank of Australia revokes the Financial Stability Standard for Central Counterparties (FSS 2003.1) and the Financial Stability Standard for Securities Settlement Facilities (FSS 2003.2), each as varied, with effect on 29 March 2013.\n\n \n\nSigned\n\n \n\nGlenn Stevens  Governor  Reserve Bank of Australia\n\nDate\n\n10 December 2012\n\n \n\n \n\n \n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1453},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This is a narrow, surgical revocation removing two specific standards. It does not expand the regulatory scope; rather, it contracts it by eliminating outdated requirements."},"complexity_factors":["Single, straightforward revocation action affecting only two named instruments","No defined terms or interpretation section","Only one legislative reference (subsection 827D(8) of the Corporations Act)","No conditional logic, exceptions, or procedural steps"],"plain_english_summary":"This document formally cancels two old financial rules made by the Reserve Bank of Australia (RBA).\n\n**What it does:**\n- **Revokes** (cancels) **Financial Stability Standard 2003.1** — rules about how **central counterparties** (entities that stand between buyers and sellers in financial markets to guarantee trades if one party defaults) must manage risk.\n- **Revokes** **Financial Stability Standard 2003.2** — rules about how **securities settlement facilities** (systems that finalise trades of stocks and shares) must operate safely.\n\n**Who it affects:**\n- Financial market infrastructure providers previously subject to these 2003-era standards, including clearing houses and settlement systems.\n\n**When it takes effect:**\n- 29 March 2013.\n\n**Why it matters:**\n- This removes outdated regulatory requirements, likely because these standards were replaced by newer rules or incorporated into different parts of the law. It reduces compliance burden by ensuring companies don't have to follow obsolete rules."}},"importantCases":[],"_links":{"self":"/api/acts/corporations-act-2001-revocation-of-financial-stability-standards-2012","history":"/api/acts/corporations-act-2001-revocation-of-financial-stability-standards-2012/history","analysis":"/api/acts/corporations-act-2001-revocation-of-financial-stability-standards-2012/analysis","conflicts":"/api/acts/corporations-act-2001-revocation-of-financial-stability-standards-2012/conflicts","importantCases":"/api/acts/corporations-act-2001-revocation-of-financial-stability-standards-2012/important-cases","documents":"/api/acts/corporations-act-2001-revocation-of-financial-stability-standards-2012/documents"}}