Financial System Legislation Amendment (Resilience and Collateral Protection) Bill passes Parliament

2734452-v2\SYDDMS Legal Alert 5 MAY 2016 Contact us Visit our website Financial System Legislation Amendment (Resilience and Collateral Protection) Bill passes Parliament Introduction Important financial markets reform legislation was passed yesterday by the Australian Parliament. The Financial System Legislation Amendment (Resilience and Collateral Protection) Bill makes a number of changes to various Australian financial markets laws, including changes to facilitate the introduction of margin requirements for uncleared derivatives. The passage of the legislation through the Parliament will be warmly welcomed by financial markets participants. For further information, please click here to read our previous alert. Follow us For more information Astrid Raetze Partner astrid.raetze @bakermckenzie.com Samantha Shields Special Counsel samantha.shields @bakermckenzie.com Mitchell Thorp Associate mitchell.thorp @bakermckenzie.com 2734452-v2\SYDDMS Brisbane Level 8, 175 Eagle Street Brisbane QLD 4000 Australia Tel: +61 7 3069 6200 Melbourne Level 19, 181 William Street Melbourne VIC 3000 Australia Tel: +61 3 9617 4200 Sydney Level 27, AMP Centre, 50 Bridge Street Sydney NSW 2000 Australia This email is sent by Baker & McKenzie (ABN 32 266 778 912), an Australian partnership and member of Baker & McKenzie International, a Tel: +61 2 9225 0200 Swiss Verein. This communication has been prepared for the general information of clients and professional associates of Baker & McKenzie. You should not rely on the contents. It is not legal advice and should not be regarded as a substitute for legal advice. The contents may contain copyright. Personal information contained in communications with Baker & McKenzie is subject to our Privacy Policy and the obligations of the Privacy Act. Emails sent to Baker & McKenzie are subject to automated email filtering. Should you receive this email in error, please telephone us on +61 2 9225 0200 or email our Helpdesk. Before you send email to Baker & McKenzie, please be aware that your communications with us through this message will not create a lawyer-client relationship with us. Do not send us any information that you or anyone else considers to be confidential or secret unless we have first agreed to be your lawyers in that matter. Any information you send us before we agree to be your lawyers cannot be protected from disclosure. Baker & McKenzie International is a Swiss Verein with member law firms around the world. In accordance with the common terminology used in professional service organizations, reference to a "partner" means a person who is a partner, or equivalent, in such a law firm. Similarly, reference to an "office" means an office of any such law firm. This may qualify as "Attorney Advertising" requiring notice in some jurisdictions. Prior results do not guarantee a similar outcome. Thank you. UNSUBSCRIBE THIS COMMUNICATION UNSUBSCRIBE ALL