12DMeaning of critical financial market infrastructure asset

12D Meaning of critical financial market infrastructure asset

(1) An asset is a critical financial market infrastructure asset if it is any of the following assets: (a) an asset that: (i) is owned or operated by an Australian body corporate that holds an Australian market licence; and (ii) is used in connection with the operation of a financial market that, in accordance with subsection (2), is critical to the security and reliability of the financial services and markets sector; (b) an asset that: (i) is owned or operated by an associated entity of an Australian body corporate that holds an Australian market licence; and (ii) is used in connection with the operation of a financial market that, in accordance with subsection (2), is critical to the security and reliability of the financial services and markets sector; (c) an asset that: (i) is owned or operated by an Australian body corporate that holds an Australian CS facility licence; and (ii) is used in connection with the operation of a clearing and settlement facility that, in accordance with subsection (3), is critical to the security and reliability of the financial services and markets sector; (d) an asset that: (i) is owned or operated by an associated entity of an Australian body corporate that holds an Australian CS facility licence; and (ii) is used in connection with the operation of a clearing and settlement facility that, in accordance with subsection (3), is critical to the security and reliability of the financial services and markets sector; (e) an asset that: (i) is owned or operated by an Australian body corporate that holds a benchmark administrator licence; and (ii) is used in connection with the administration of a significant financial benchmark that, in accordance with subsection (4), is critical to the security and reliability of the financial services and markets sector; (f) an asset that: (i) is owned or operated by an associated entity of an Australian body corporate that holds a benchmark administrator licence; and (ii) is used in connection with the administration of a significant financial benchmark that, in accordance with subsection (4), is critical to the security and reliability of the financial services and markets sector; (g) an asset that: (i) is owned or operated by an Australian body corporate that holds an Australian derivative trade repository licence; and (ii) is used in connection with the operation of a derivative trade repository that, in accordance with subsection (5), is critical to the security and reliability of the financial services and markets sector; (h) an asset that: (i) is owned or operated by an associated entity of an Australian body corporate that holds an Australian derivative trade repository licence; and (ii) is used in connection with the operation of a derivative trade repository that, in accordance with subsection (5), is critical to the security and reliability of the financial services and markets sector; (i) an asset that is used in connection with the operation of a payment system that, in accordance with subsection (6), is critical to the security and reliability of the financial services and markets sector.