Treasury Laws Amendment (Transition of Chi-X to National Guarantee Fund) Regulations 2019 (F2019L00374)
Schedule 1 Amendments
Corporations Regulations 2001
1 At the end of Division 4 of Part 7.5
Add:
7.5.85A Transitional provision for joining of Chi-X
(1) This regulation is made for the purposes of section 891B of the Act.
(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.
(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
|
Column 2
|
|
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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