Financial Markets Act, 2012 (Act No. 19 of 2012)RegulationsFinancial Markets Act RegulationsChapter VI : Central Counterparties41. Interoperability arrangements |
| (1) | A central counterparty may enter into an interoperability arrangement with another central counterparty where the requirements set out in these Regulations, are fulfilled. |
| (2) | When establishing an interoperability arrangement with another central counterparty for the purpose of providing services to a particular exchange, a central counterparty must have non-discriminatory access, to— |
| (a) | the data that it needs for the performance of its functions from that particular exchange, to the extent that the central counterparty complies with the operational and technical requirements established by the exchange, and |
| (b) | the relevant settlement system. |
| (3) | Entering into an interoperability arrangement or accessing a data feed or a settlement system referred to in subregulations (1) and (2) must be rejected or restricted, directly or indirectly, only in order to control any risk arising from that arrangement or access. |
41.1 Risk management for interoperability arrangements
41.2 Provision of margins among central counterparties
41.3 Approval of interoperability arrangements
41.4 Consideration by the Authority