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 paragraph 901D(a) of the Act.
7.5A.64(2)
The derivative transaction rules cannot impose clearing requirements in relation to a derivative transaction on a person who is not:
(a) an Australian clearing entity in relation to the transaction; or
(b) a foreign clearing entity in relation to the transaction.
Example:
This regulation prevents the derivative transaction rules imposing clearing requirements on, among other things, a range of foreign public entities including the following (subject to paragraphs (2)(a) and (b)):
(a) central banks; (b) Government debt offices; (c) multilateral development banks; (d) the Bank for International Settlements and other similar international organisations.
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