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Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2021
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Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2021
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) (reporting standard) determination No. 4 of 2021.
Fujitsu Australia (as agent of APRA) will provide Lloyd’s with a customer identification number. If Lloyd’s proposes to submit information required by this Reporting Standard using the method in paragraph 9 (i.e. via the website), Lloyd’s must apply for a password by viewing the web page referred to in paragraph 9, quoting Lloyd’s customer identification number and following the instructions for applying for a password on that page. Fujitsu Australia will advise Lloyd’s General Representative in Australia of the password for Lloyd’s. When a report is provided using the method in paragraph 9, Lloyd’s will be required to quote its customer identification number and password. Upon successful validation of the customer identification and password a secure session between Lloyd’s and Fujitsu Australia will be created and information will be encrypted before transmission.
Despite paragraph 12, or where APRA has made a determination under subparagraphs 10(a) or (b) specifying an alternate method of submission, APRA may also determine in writing that:
(a) a specified person (who need not be Lloyd’s General Representative in Australia or agent);
(b) a person holding a specified position (who need not be Lloyd’s General Representative in Australia or agent); or
(c) a person authorised by Lloyd’s to use Lloyd’s customer identification number and password,
may, or must, authorise (in a manner specified) information provided by Lloyd’s under this Reporting Standard.