About the consultation
The Financial Market Infrastructure Act (the Act) became law in May 2021. The new Act governs Financial Market Infrastructures (FMIs)—a set of critical systems that allow electronic payments and financial market transactions to occur.
Together with the Financial Markets Authority (FMA), we are the joint regulators of FMIs under the Act. The Act will be implemented over an approximately 18-month transitional period.
We encouraged industry groups and other stakeholders to give their views on how systemically important FMIs will be identified and the proposed approach to developing standards, with the release of consultation documents.