Under the bill, regulatory requirements for designated FMIs will be set—their standards made by the regulators. The power to set standards is designed, among other things, to allow standards to cover the matters in the global guidelines for FMI regulation, the Committee on Payment and Settlement Systems and the International Organisation of Securities Commission's Principles for Financial Market Infrastructures. For example, the bill permits standards to be made for matters such as FMIs' governance, risk management, and financial resources.