Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 30 - Effect on certain conduct of transition to licensed markets and licensed CS facilities  

REGULATION 10.2.157   CONDITIONS OF FUTURES BROKER'S LICENCE: MEMBERSHIP OF FUTURES ORGANISATION  

10.2.157(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to a regulated principal mentioned in item 3 of the table in section 1430 of the Act.

10.2.157(2)   [ Member of futures organisation]  

A reference in paragraph 1148(1)(a) of the old Corporations Act to being a member of a futures organisation includes being a participant of a licensed market for derivatives.

10.2.157(3)   [ Member of no futures organisation]  

A reference in subparagraph 1148(1)(b)(i) of the old Corporations Act to being a member of no futures organisation includes being a participant of no licensed market for derivatives.

10.2.157(4)   [ Suspension of licensee's membership of futures organisation]  

A reference in subparagraph 1148(1)(b)(ii) of the old Corporations Act to a licensee's being a member of a futures organisation, but for the suspension of the licensee's membership of the futures organisation, includes the regulated principal's being a participant of a licensed market for derivatives, but for the suspension of the regulated principal's participation in the licensed market.

10.2.157(5)   [ Licensee's membership of a futures organisation]  

A reference in subsection 1148(2) of the old Corporations Act to a licensee's membership of a futures organisation includes the regulated principal's participation in a licensed market for derivatives.