Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.139

Approved foreign bank

  (1)   For section   1444 of the Act, this regulation applies in relation to a regulated principal.

  (2)   A reference in the definition of approved foreign bank in section   9 of the old Corporations Act to a member of a futures organisation includes a participant of a licensed market for derivatives.

  (3)   A reference in the definition of approved foreign bank in section   9 of the old Corporations Act to an approval given by a futures organisation in accordance with its business rules (within the meaning of Chapter   8 of the old Corporations Act) includes an approval given by the operator of a licensed market for derivatives (within the meaning of section   761A of the amended Corporations Act).


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