Corporations Amendment Regulations 2004 (No. 3) (26 of 2004)

Schedule 2   Amendments commencing on 11 March 2004

[26]   After subregulation 7.5.19 (4)

insert

(5) For Subdivision 4.9, if:

(a) a participant of Australian Stock Exchange Limited (the transacting participant ) enters into a reportable transaction; and

(b) under the operating rules of Australian Stock Exchange Limited or OCH, a participant of the licensed CS facility operated by OCH (the clearing participant ) has the obligation to complete the transaction and all obligations ancillary to that completion;

regulation 7.5.66 applies in relation to the function of completing the transaction, as if the clearing participant, and not the transacting participant, had entered into the transaction.