Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.2.162

Segregation of client money and property

             (1)  For section 1444 of the Act, this regulation applies in relation to a regulated principal mentioned in item 3 of the table in section 1430 of the Act.

             (2)  A reference in subparagraph 1209(5)(d)(iv) of the old Corporations Act to a clearing house for a futures exchange includes a CS facility that provides its services for the clearing and settlement of transactions effected through a licensed market for derivatives.

             (3)  A reference in subsection 1209(5A) of the old Corporations Act to:

                     (a)  another broker; or

                     (b)  a receiving broker;

includes a financial services licensee.

             (4)  A reference in subsection 1209(5B) of the old Corporations Act to the brokers concerned includes a financial services licensee.



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