CTHRepealedLegislation
Banking (prudential standard) determination No. 6 of 2006 - Prudential Standard APS 120 - Funds Management and Securitisation
Authority and applicationAuthority and application
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Authority and application
- This Prudential Standard, made under section 11AF of the Banking Act 1959 (the Act), applies to all authorised deposit-taking institutions (ADIs) authorised under the Act.
- Guidance Notes AGN 120.1 Disclosure and Separation (AGN 120.1), AGN 120.2 Credit Enhancement (AGN 120.2), AGN 120.3 Purchase and Supply of Assets (including Securities Issued by Special Purpose Vehicles) (AGN 120.3), AGN 120.4 Liquidity, Underwriting and Lending Facilities (AGN 120.4) and AGN 120.5 Servicing, Managing and Treasury Dealings (AGN 120.5) form part of this Prudential Standard.
- This Prudential Standard does not apply to foreign ADIs,[1] except for the provisions relating to disclosure and separation. In their conduct of funds management or securitisation activities in Australia, foreign ADIs should have regard to all the disclosure and separation requirements.