(1) This regulation is made for the purposes of section 891B of the Act.
(2) This regulation applies in relation to a joining market (within the meaning of that section) if:
(a) the market is operated by Chi - X Australia Pty Ltd, or by a subsidiary of Chi - X Australia Pty Ltd; and
(b) the day on which Chi - X Australia Pty Ltd becomes a member of the SEGC (the joining day ) is on or after the commencement of this regulation.
(3) Compensation may be claimed under a provision of these Regulations set out in column 1 of the following table in respect of a loss that is:
(a) connected with the joining market; and
(b) not connected with any other financial market to which Division 4 of Part 7.5 of the Act applies;
only if the loss meets the transitional condition set out in column 2 of that table item.
Joining of Chi - X--transitional conditions for compensation claims | ||
Item | Column 1 | Column 2 |
1 | Regulation 7.5.24, 7.5.25, 7.5.26 or 7.5.27 (about contract guarantees) | The prescribed period for the relevant reportable transaction ends on or after the joining day. |
2 | The unauthorised execution occurs on or after the joining day. | |
3 | Regulation 7.5.64 (about claims in respect of insolvent participants) | The time at which the dealer becomes insolvent is on or after the joining day. |