Commonwealth legislation

Financial Sector (Collection of Data) (reporting standard) determination No. 29 of 2015 - SRS 534.0 - Derivative Financial Instruments

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

4/10 complexity

This law requires certain financial institutions to report detailed information about their derivative financial instruments (complex financial contracts like futures, options, and swaps) to the Australian Prudential Regulation Authority (APRA).

What it does:

Revokes and replaces the 2013 version of the reporting standard with an updated rule (SRS 534.0)
Mandates how regulated entities must collect and submit statistical data about their derivatives holdings
Ensures APRA can monitor systemic risk and financial stability across the banking, insurance, and superannuation sectors

Who it affects: APRA-regulated financial institutions—including banks, insurers, and superannuation funds—that hold or trade derivative instruments.

Why it matters: Derivatives can create significant financial risks that spread quickly through the economy. Standardized reporting allows regulators to track exposure levels, identify concentrated risks, and help prevent financial instability.

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Financial Sector (Collection of Data) (reporting standard) determination No. 29 of 2015 - SRS 534.0 - Derivative Financial Instruments

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Financial Sector (Collection of Data) (reporting standard) determination No. 29 of 2015

Reporting Standard SRS 534.0 Derivative Financial Instruments

Financial Sector (Collection of Data) Act 2001

I, Steven John Davies, a delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 and subsection 33(3) of the Acts Interpretation Act 1901 REVOKE Financial Sector (Collection of Data) (reporting standard) determination No. 83 of 2013, including Reporting Standard SRS 534.0 Derivative Financial Instruments made under that Determination.

This instrument commences upon registration on the Federal Register of Legislative Instruments.

Dated 10 November 2015

[Signed]

Steven John Davies

General Manager, Statistics

Interpretation

In this instrument:

APRA means the Australian Prudential Regulation Authority.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Financial Sector (Collection of Data) (reporting standard) determination No. 29 of 2015 - SRS 534.0 - Derivative Financial Instruments