Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.6 - LICENSING OF PROVIDERS OF FINANCIAL SERVICES  

REGULATION 7.6.02AD  

7.6.02AD   MODIFICATION OF SECTION 761G OF THE ACT: MEANING OF RETAIL CLIENT AND WHOLESALE CLIENT  


For the provisions of the Act set out in column 2 of the following table, the Parts of the Act specified in column 3 apply as if section 761G of the Act were modified by inserting after subsection 761G(4) , the following subsection:


" (4A)
If a financial product, or a financial service, is or would be provided to, or acquired by, a body corporate as a wholesale client, related bodies corporate of the client are taken to be wholesale clients in respect of the provision or acquisition of that financial product or financial service. "


Column 1 Column 2 Column 3
Item Provisions of Act
1 paragraph 926B(1)(c) Part 7.6
2 paragraph 951C(1)(c) Part 7.7
2A section 1368 Part 7.7A
3 paragraph 992C(1)(c) Part 7.8
4 paragraph 1020G(1)(c) Part 7.9


 

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