AST GVT Revised Board Secrecy Regs

Published on: Feb 10, 2025

On Feb. 7, AST GVT issued amendment regs due to AST CB reforms.

  • AST GVT registered Reserve Bank amendment (Reserve Bank reforms) regulations 2025, which amends Reserve Bank regulation 2016 in light of reforms to AST CB.
  • In addition, AST GVT published an explanatory statement with respect to the same.
  • Amendments update existing secrecy declarations in Reserve bank regulation 2016 to apply across Governance Board, Payments System Board and Monetary Policy Board.
  • Schedule 1 to the amendment regs contains a prescribed form for secrecy declaration.
  • Follows AST GVT Dec. 2024 made appointments to AST CB's 2 new boards, #237322.
  • Effectiveness
  • The amendment regulations commence on Mar. 1, 2025.
Regulators
AST GVT
Entity Types
Bank; SIFI
Reference
Info, RF F2025L00091 2/7/2025; ESG; Citation: Reserve Bank amendment (Reserve Bank reforms) regulations 2025; Reserve Bank regulation 2016;
Functions
Compliance; C-Suite; Legal
Countries
Australia
Category
State
N/A
Products
Banking
Rule Type
Final
Regions
AP
Rule Date
Feb 7, 2025
Effective Date
Mar 1, 2025
Rule ID
242843
Linked to
Reg. Last Update
Feb 7, 2025
Report Section
International