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 subsection 822A(1) of the Act, the following matters are matters with which the operating rules of a licensed CS facility must deal:
(a) the regulated services provided by the licensed CS facility, including the means by which obligations of parties to transactions relating to financial products will be met through the licensed CS facility;
(b) matters relating to risk in the licensed CS facility;
(c) access to the licensed CS facility, including the criteria for determining persons who are eligible to be participants and the ongoing requirements for participants;
(d) suspension and expulsion of participants from the licensed CS facility;
(e) disciplinary action against participants;
(f) procedures, to be followed by participants, to address risks that are relevant to the licensed CS facility;
(g) requirements to facilitate the monitoring of compliance by participants with the operating rules of the licensed CS facility;
(h) the handling of defaults;
(i) any obligations on participants and issuers that are necessary to ensure that the CS facility licensee is able to comply with subparagraph 821A(1)(c)(i) of the Act;
(j) if the licensed CS facility is a prescribed CS facility - arrangements for the transfer of financial products that are likely to be transferred using the licensed CS facility.
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