Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 29 - Effect on definitions in old Corporations Act of transition to licensed markets and licensed CS facilities  

REGULATION 10.2.139   APPROVED FOREIGN BANK  

10.2.139(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to a regulated principal.

10.2.139(2)   [ Members of futures organisation]  

A reference in the definition of approved foreign bank in section 9 of the old Corporations Act to a member of a futures organisation includes a participant of a licensed market for derivatives.

10.2.139(3)   [ Approval by futures organisation]  

A reference in the definition of approved foreign bank in section 9 of the old Corporations Act to an approval given by a futures organisation in accordance with its business rules (within the meaning of Chapter 8 of the old Corporations Act) includes an approval given by the operator of a licensed market for derivatives (within the meaning of section 761A of the amended Corporations Act).