{"type":"doc","content":[{"type":"section","attrs":{"id":"navPoint_27"},"content":[{"type":"heading","attrs":{"id":"v0-p-1331","level":5},"content":[{"type":"text","text":"12D","marks":[{"type":"bold"}]},{"type":"text","text":"  ","marks":[{"type":"bold"}]},{"type":"text","text":"Meaning of ","marks":[{"type":"bold"}]},{"type":"text","text":"critical financial market infrastructure asset","marks":[{"type":"bold"},{"type":"italic"}]}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(1)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1332"},"content":[{"type":"text","text":"An asset is a "},{"type":"text","text":"critical financial market infrastructure asset","marks":[{"type":"bold"},{"type":"italic"}]},{"type":"text","text":" if it is any of the following assets:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1333"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1334"},"content":[{"type":"text","text":"is owned or operated by an Australian body corporate that holds an Australian market licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1335"},"content":[{"type":"text","text":"is used in connection with the operation of a financial market that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(2), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1336"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1337"},"content":[{"type":"text","text":"is owned or operated by an associated entity of an Australian body corporate that holds an Australian market licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1338"},"content":[{"type":"text","text":"is used in connection with the operation of a financial market that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(2), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(c)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1339"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1340"},"content":[{"type":"text","text":"is owned or operated by an Australian body corporate that holds an Australian CS facility licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1341"},"content":[{"type":"text","text":"is used in connection with the operation of a clearing and settlement facility that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(3), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(d)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1342"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1343"},"content":[{"type":"text","text":"is owned or operated by an associated entity of an Australian body corporate that holds an Australian CS facility licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1344"},"content":[{"type":"text","text":"is used in connection with the operation of a clearing and settlement facility that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(3), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(e)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1345"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1346"},"content":[{"type":"text","text":"is owned or operated by an Australian body corporate that holds a benchmark administrator licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1347"},"content":[{"type":"text","text":"is used in connection with the administration of a significant financial benchmark that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(4), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(f)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1348"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1349"},"content":[{"type":"text","text":"is owned or operated by an associated entity of an Australian body corporate that holds a benchmark administrator licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1350"},"content":[{"type":"text","text":"is used in connection with the administration of a significant financial benchmark that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(4), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(g)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1351"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1352"},"content":[{"type":"text","text":"is owned or operated by an Australian body corporate that holds an Australian derivative trade repository licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1353"},"content":[{"type":"text","text":"is used in connection with the operation of a derivative trade repository that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(5), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(h)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1354"},"content":[{"type":"text","text":"an asset that:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1355"},"content":[{"type":"text","text":"is owned or operated by an associated entity of an Australian body corporate that holds an Australian derivative trade repository licence; and"}]}]},{"type":"legalListItem","attrs":{"marker":"(ii)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1356"},"content":[{"type":"text","text":"is used in connection with the operation of a derivative trade repository that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(5), is critical to the security and reliability of the financial services and markets sector;"}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(i)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1357"},"content":[{"type":"text","text":"an asset that is used in connection with the operation of a payment system that, in accordance with subsection"},{"type":"text","text":" "},{"type":"text","text":"(6), is critical to the security and reliability of the financial services and markets sector."}]}]}]},{"type":"paragraph","attrs":{"id":"v0-p-1358"},"content":[{"type":"text","text":"Note:"},{"type":"text","text":" "},{"type":"text","text":"The rules may prescribe that a specified critical financial market infrastructure asset is not a critical infrastructure asset (see section"},{"type":"text","text":" "},{"type":"text","text":"9)."}]}]},{"type":"legalListItem","attrs":{"marker":"(2)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1359"},"content":[{"type":"text","text":"For the purposes of paragraphs"},{"type":"text","text":" "},{"type":"text","text":"(1)(a) and (b), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1360"},"content":[{"type":"text","text":"specified financial markets that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1361"},"content":[{"type":"text","text":"requirements for a financial market to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(3)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1362"},"content":[{"type":"text","text":"For the purposes of paragraphs"},{"type":"text","text":" "},{"type":"text","text":"(1)(c) and (d), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1363"},"content":[{"type":"text","text":"specified clearing and settlement facilities that are critical to the security and reliability of the financial services and markets sector; or"}]}]},{"type":"legalListItem","attrs":{"marker":"(b)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1364"},"content":[{"type":"text","text":"requirements for a clearing and settlement facility to be critical to the security and reliability of the financial services and markets sector."}]}]}]}]},{"type":"legalListItem","attrs":{"marker":"(4)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1365"},"content":[{"type":"text","text":"For the purposes of paragraphs"},{"type":"text","text":" "},{"type":"text","text":"(1)(e) and (f), the rules may prescribe:"}]},{"type":"legalList","attrs":{},"content":[{"type":"legalListItem","attrs":{"marker":"(a)"},"content":[{"type":"paragraph","attrs":{"id":"v0-p-1366"},"content":[{"type":"text","text":"specified significant financial benchmarks that are critical to the security and reliability of the financial services and markets sector; 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