Commonwealth Consolidated Regulations

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Obligations of futures body: disciplinary action

             (1)  This regulation applies if:

                     (a)  a futures body was required, before the FSR commencement, to lodge written particulars under subsection 1139(2) of the old Corporations Act of disciplinary action it had taken; and

                     (b)  the futures body had not complied with the requirement before the FSR commencement; and

                     (c)  the period for compliance had not expired before the FSR commencement.

             (2)  On and after the FSR commencement, the requirement is taken to be a requirement under:

                     (a)  if the futures body has become a market licensee after the FSR commencement--paragraph 792B(2)(b) of the Act; or

                     (b)  if the futures body has become a CS facility licensee after the FSR commencement--paragraph 821B(2)(b) of the Act.

             (3)  The market licensee or CS facility licensee to which subregulation (2) relates is taken to have complied with its obligations under subsection 792C(1) of the Act if it complies with those obligations as soon as practicable after the FSR commencement.

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