Press Release – Reserve Bank Groups with an interest in the financial market transactions and payments are being asked for their views on how a new law governing the plumbing of the financial system should be implemented. The Financial Market Infrastructure Act became law … Groups with an interest in the financial market transactions and payments are being asked for their views on how a new law governing the ‘plumbing’ of the financial system should be implemented. The Financial Market Infrastructure Act became law in May 2021. The new Act governs Financial Market Infrastructures (FMIs) – a set of critical systems that are sometimes referred to as the plumbing of the financial system. These systems allow electronic payments and financial market transactions to occur.