Clearing manager - draft FTR prudentials methodology
About this consultation
This consultation is being undertaken by NZX, who is the clearing manager, not by the Authority. The Authority has published this page to facilitate participants' access to the consultation material.
Under the Code, the clearing manager is required to prepare and consult on the draft methodology for determining the minimum level of security required from participants who hold financial transmission rights (FTRs) (draft prudentials methodology).
The clearing manager has released its draft methodology for consultation on its website.
NZX will hold a workshop on the draft FTR prudentials methodology on the afternoon of Thursday 3 May 2012 in Wellington. Details are available at NZX's website.
The clearing manager is required to consult with persons that the clearing manager thinks are representative of the interests of persons likely to be substantially affected by the methodology.
Submissions must be made separately and directly to NZX in the form specified on its website. Submissions must not be sent to the Authority. Please view the clearing manager's website for submission details.
After considering submissions, the clearing manager will submit its revised draft methodology to the Authority for approval. The clearing manager is required by the Code to supply the Authority with a copy of each submission. The Authority intends to publish the submissions and related documents, and the Authority's final decision.
Your submission is likely to be made available to the general public on the Authority's website. Submitters should indicate any documents attached, in support of the submission, in a covering letter and clearly indicate any information that is provided to the Authority on a confidential basis. However, all information provided to the Authority is subject to the Official Information Act 1982.
Go to the clearing manager's website to download the consultation paper.