The Committee on Payment and Settlement Systems ("CPSS") and the Technical Committee of the International Organisation of Securities Commissions ("IOSCO") are responsible for the establishment of the broad international standards for the regulation and conduct of clearing and settlement facilities. These are set out in the CPSS-IOSCO Principles for Financial Market Infrastructures ("the Principles"), which were released in April 2012.
The Australian regulators have implemented the Principles, as confirmed in the Level 1 Assessment Report released in August 2013.
View ASX Group's response to the CPSS-IOSCO Disclosure Framework for Financial Market Infrastructures.
The overall objective of the Principles is to ensure that financial market infrastructures promote stability and efficiency in the financial system.