Page 314 - Regional Comprehensive Economic Partnership (RCEP)

(i) is recognised as a self-regulatory organisation and
exercises regulatory or supervisory authority over
financial service suppliers or financial institutions by
legislation or delegation from central, regional, or
local governments or authorities; or

(ii) exercises regulatory or supervisory authority over
financial service suppliers or financial institutions by
legislation or delegation from central, regional, or
local governments or authorities.

Article 2: Scope

1. This Annex shall apply to measures by a Party affecting the
supply of financial services. Reference to the supply of a financial
service in this Annex shall mean the supply of a service as defined
in subparagraph (r) of Article 8.1 (Definitions).

2. For the purposes of subparagraph (l) of Article 8.1 (Definitions)
and subparagraph 2(c) of Article 10.2 (Scope), “services supplied
in the exercise of governmental authority” means the following:

(a) activities conducted by a central bank or monetary
authority or by any other public entity in pursuit of monetary
or exchange rate policies;
1

(b) activities forming part of a statutory system of social
security or public retirement plans; or

(c) other activities conducted by a public entity for the account
or with the guarantee or using the financial resources of the
government.

If a Party allows any of the activities referred to in subparagraph
(b) or (c) to be conducted by its financial service suppliers in
competition with a public entity or a financial service supplier,
“services” shall include such activities.

3. Subparagraph (o) of Article 8.1 (Definitions) and the definition set
out in subparagraph 2(c) of Article 10.2 (Scope) shall not apply to
services covered by this Annex.

1 Activities referred to in this subparagraph include any regulatory and enforcement
activities conducted in pursuit of monetary or exchange rate policies.

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