CTHRepealedLegislation
Banking (prudential standard) determination No. 6 of 2006 - Prudential Standard APS 120 - Funds Management and Securitisation
SeparationSeparation
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Separation
- To achieve separation, an ADI must deal with a SPV and/or its investors at arm’s length and on market terms and conditions. An ADI’s undertaking in any funds management or securitisation scheme should be stand-alone, with the extent of the ADI’s obligations set out in legal documentation. Where this does not occur, the ADI will need to hold capital against the full value of securities on issue.