Treasury Laws Amendment (ALRC Financial Services Interim Report) Regulations 2023 (F2023L01458)

Schedule 1   Main amendments

Part 6   Terms relating to financial services and markets

Corporations Regulations 2001

272   Paragraphs 7.11.26(5)(a) and (b)

Repeal the paragraphs, substitute:

(a) the authority mentioned in subregulations (1) and (2) is given to a participant (the transacting participant ) in a financial market; and

(b) under the market licensee's operating rules, a participant in a clearing and settlement facility (the clearing participant ) has the function of completing the relevant transaction;