Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 2 - Regulation of CS facility licensees  

Subdivision E - Matters relating to Reserve Bank recapitalisation directions  

SECTION 823P   RECAPITALISATION DIRECTIONS - WORKING OUT THE FAIR VALUE OF OTHER CAPITAL INSTRUMENTS  

823P(1)    
Before giving a recapitalisation direction directing a CS facility licensee to issue one or more specified classes of capital instruments (see subparagraph 823F(1)(c)(iii) ), the Reserve Bank must comply with any requirements prescribed by the regulations for ascertaining the fair value of the capital instruments.

823P(2)    
Regulations made for the purposes of this section may specify different requirements for different classes of capital instruments.