Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For paragraph 991B(3)(b) of the Act, if a participant in a licensed market:
(a) enters into a transaction; and
(b) complies with all of the participant ' s obligations in relation to the transaction under the market integrity rules and the operating rules of the licensed market;
subsection 991B(2) of the Act does not apply in relation to the transaction.
Subject to subregulation (3), for paragraph 991B(3) (b) of the Act, subsection 991B(2) of the Act does not apply to a transaction if, at the time that the instruction is issued, the financial services licensee is not a participant in the licensed market on which the particular financial product is being traded.
Subregulation (2) does not apply if:
(a) the financial services licensee deals, or has dealt, in a financial product traded on that market:
(i) on the licensee's own behalf (whether directly or through an agent or other representative); or
(ii) on behalf of a client; or
(b) an associate of the financial services licensee is a participant in the market mentioned in that subregulation.
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