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 10.2.61   OBLIGATION TO REPORT: FINANCIAL SERVICES LICENSEE WHO FORMERLY HELD A FUTURES BROKER'S LICENCE  

10.2.61(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to a financial services licensee whose financial services licence covers regulated activities for a regulated principal of the kind mentioned in item 3 of the table in section 1430 of the Act, in relation to:

(a) money that is held by the licensee in an account maintained under section 1209 of the old Corporations Act; and

(b) property that is held by the licensee under section 1209 or 1214 of the old Corporations Act.

10.2.61(2)   [ Continued application of previous provisions]  

Section 1207 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 money;

as if the person were a futures broker.