Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS  

Division 4 - NGF Compensation regime  

Subdivision 4.11 - Other provisions relating to compensation  

REGULATION 7.5.85A   TRANSITIONAL PROVISION FOR JOINING OF CHI-X  

7.5.85A(1)    
This regulation is made for the purposes of section 891B of the Act.

7.5.85A(2)    
This regulation applies in relation to a joining market (within the meaning of that section) if:

(a) the market is operated by Chi-X Australia Pty Ltd, or by a subsidiary of Chi-X Australia Pty Ltd; and

(b) the day on which Chi-X Australia Pty Ltd becomes a member of the SEGC (the joining day ) is on or after the commencement of this regulation.

7.5.85A(3)    
Compensation may be claimed under a provision of these Regulations set out in column 1 of the following table in respect of a loss that is:

(a) connected with the joining market; and

(b) not connected with any other financial market to which Division 4 of Part 7.5 of the Act applies;

only if the loss meets the transitional condition set out in column 2 of that table item.

Joining of Chi-X - transitional conditions for compensation claims
Item	Column 1 Provision	Column 2 Transitional condition
1	Regulation 7.5.24, 7.5.25, 7.5.26 or 7.5.27 (about contract guarantees)	The prescribed period for the relevant reportable transaction ends on or after the joining day.
2	Regulation 7.5.54 or 7.5.55 (about unauthorised transfers)	The unauthorised execution occurs on or after the joining day.
3	Regulation 7.5.64 (about claims in respect of insolvent participants)	The time at which the dealer becomes insolvent is on or after the joining day.