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 F - Other matters relating to Reserve Bank directions  

SECTION 823S  

823S   DIRECTIONS TO PRESERVE STABILITY IN THE AUSTRALIAN FINANCIAL SYSTEM - RELATIONSHIP WITH OTHER PROVISIONS  

If a direction under subsection 823F(1) directs a CS facility licensee to change any of the facility ' s operating rules or procedures (see subparagraph 823F(1)(a)(ii) ), neither of the following provisions apply in relation to the change:

(a)    subsection 822D(2) (about change ceasing to have effect if ASIC not notified);

(b)    section 822E (about disallowance).

Note: The licensee would still need to notify ASIC of the change: see subsection 822D(1) .