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.]
This regulation is made for the purposes of section 891B of the Act.
7.5.85A(2)
This regulation applies in relation to a joining market (within the meaning of that section) if:
(a) the market is operated by Chi-X Australia Pty Ltd, or by a subsidiary of Chi-X Australia Pty Ltd; and
(b) the day on which Chi-X Australia Pty Ltd becomes a member of the SEGC (the joining day ) is on or after the commencement of this regulation.
7.5.85A(3)
Compensation may be claimed under a provision of these Regulations set out in column 1 of the following table in respect of a loss that is:
(a) connected with the joining market; and
(b) not connected with any other financial market to which Division 4 of Part 7.5 of the Act applies;
only if the loss meets the transitional condition set out in column 2 of that table item.
| Joining of Chi-X - transitional conditions for compensation claims | ||
| Item |
Column 1
Provision |
Column 2
Transitional condition |
| 1 | Regulation 7.5.24, 7.5.25, 7.5.26 or 7.5.27 (about contract guarantees) | The prescribed period for the relevant reportable transaction ends on or after the joining day. |
| 2 | Regulation 7.5.54 or 7.5.55 (about unauthorised transfers) | The unauthorised execution occurs on or after the joining day. |
| 3 | Regulation 7.5.64 (about claims in respect of insolvent participants) | The time at which the dealer becomes insolvent is on or after the joining day. |
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