Corporations Legislation Amendment (Derivative Transactions) Act 2012 (178 of 2012)

Schedule 1   Amendments

Part 1   Amendment of the Corporations Act 2001

Corporations Act 2001

22   At the end of section 822B, add:

(2) However, if there is an inconsistency between the operating rules of a licensed CS facility and any of the following other rules:

(a) the derivative transaction rules;

(b) the derivative trade repository rules;

those other rules prevail over the operating rules to the extent of the inconsistency.

Note: If there is an inconsistency between the derivative transaction rules and the derivative trade repository rules, the derivative transaction rules prevail: see subsection 901E(2).