EmailPrint
|

Corporations Regulations 2001

SCHEDULE 8C - MODIFICATIONS OF PART 7.5 OF THE ACT - COMPENSATION REGIMES  

View history reference

(regulation 7.5.01A)

3  

3   Subsection 881A(2)  
substitute


(1A)
If:


(a) compensation arrangements under Division 4 apply to only some financial products acquired or disposed of through a licensed market; and


(b) paragraphs (1)(a) and (b) are satisfied for the other products acquired or disposed of through the licensed market;

there must be compensation arrangements in relation to the other products that are approved in accordance with Division 3.



(2)
The compensation regime that applies to a financial market is:


(a) for a financial product to which Division 3 applies - the compensation regime constituted by Division 3; and


(b) for a financial product to which Division 4 applies - the compensation regime constituted by Division 4.