(1) This regulation applies in relation to a financial product that:
(a) is a derivative; and
(b) is entered into, or acquired through a facility conducted in accordance with:
(i) the Corporations (Exempt Futures Market--National Wholesale Electricity) Declaration 1999 ; or
(ii) the Corporations (Exempt Futures Market) Declaration 2001 .
(2) For paragraph 761E(7)(a) of the Act, each person who is a party to the financial product is taken to be an issuer of the financial product.
(3) For paragraph 761E(7)(a) of the Act, subsections 761E(5) and (6) of the Act do not apply to the financial product.