Commonwealth Consolidated Regulations

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Continuation of SIS Regulations during transition period

             (1)  For section 1444 of the Act, this regulation applies in relation to a financial product:

                     (a)  to which the SIS Act applied immediately before the FSR commencement; and

                     (b)  for which a transition period exists.

             (2)  The following provisions of the SIS Regulations, as in force immediately before the FSR commencement, continue to apply in relation to the financial product:

                     (a)  Divisions 2.1 and 2.3;

                     (b)  Subdivisions 2.4.1 and 2.4.2;

                     (c)  Divisions 2.5, 2.7 and 2.7A;

                     (d)  Subdivisions 2.8.1, 2.8.3, 2.8.4 and 2.8.5;

                   (da)  regulation 3.10;

                     (e)  regulation 4.01;

                      (f)  regulation 5.12;

                     (g)  regulation 5.15 (other than paragraphs 5.15(a) and (c));

                     (h)  regulations 5.17 and 5.22;

                      (i)  regulation 6.17;

                      (j)  regulation 6.28;

                     (k)  regulation 6.29;

                      (l)  subregulation 13.07(2).

             (3)  Subregulation (2) ceases to apply in relation to the financial product at the end of the transition period for the financial product.

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