Page 320 - Regional Comprehensive Economic Partnership (RCEP)
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Article 11: Payment and Clearing Systems
Under the terms and conditions that accord national treatment, each
Party shall grant financial institutions of another Party established in its
territory access to payment and clearing systems operated by public
entities, and to official funding and refinancing facilities available in the
normal course of ordinary business. This Article is not intended to confer
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access to the Party’s lender of last resort facilities.
Article 12: Consultations
1. A Party may request consultations with another Party regarding
any matter arising under this Agreement that affects financial
services. The other Party shall consider such a request.
2. Consultations under this Article shall include the relevant
representatives of the contact points specified in Article 13
(Contact Points).
Article 13: Contact Points
1. For the purposes of this Annex, the contact points for financial
services are:
(a) for Australia, the Department of the Treasury and the
Department of Foreign Affairs and Trade and, as
necessary, officials from the relevant regulatory authorities,
including the Australian Prudential Regulation Authority,
the Reserve Bank of Australia, and the Australian
Securities and Investment Commission;
(b) for Brunei Darussalam, the Ministry of Finance and
Economy and Autoriti Monetari Brunei Darussalam;
(c) for Cambodia, the Ministry of Economy and Finance, the
Securities Exchange Commission of Cambodia, the
National Bank of Cambodia, and the Ministry of
Commerce;
9 For greater certainty, a Party need not grant access under this Article to a financial
institution of another Party established in its territory if such access or treatment is not
granted to its own like financial institutions.
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