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

Schedule 1   Amendments

Part 1   Amendment of the Corporations Act 2001

Corporations Act 2001

19   Subsection 793B(2)

Repeal the subsection, substitute:

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

(a) the market integrity rules;

(b) the derivative transaction rules;

(c) the derivative trade repository rules;

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

Note 1: If there is an inconsistency between the market integrity rules and the derivative transaction rules or the derivative trade repository rules, the market integrity rules prevail: see subsection 798H(3).

Note 2: 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).