Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 15 - Other provisions relating to conduct etc  

REGULATION 10.2.58   OTHER PROPERTY OF CLIENTS: FINANCIAL SERVICES LICENSEE WHO FORMERLY HELD DEALER'S LICENCE  

10.2.58(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to a financial services licensee who is a regulated principal mentioned in item 1 of the table in section 1430 of the Act, and whose financial services licence covers regulated activities for a regulated principal of this kind, in relation to scrip:

(a) received by the person before the end of the transition period in relation to the person in the capacity of a regulated principal of that kind; and

(b) to which section 873 of the old Corporations Act applied.

10.2.58(2)   [ Continued application of previous provisions]  

Section 873 of the old Corporations Act, and any associated provisions, continue to apply in relation to the regulated principal after the end of the transition period in relation to:

(a) the person in the capacity of a regulated principal of that kind; and

(b) the scrip;

as if the person was still the holder of a dealers licence within the meaning of the old Corporations Act.