Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 7.5.85A

Transitional provision for joining of Chi-X

             (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
Provision

Column 2
Transitional condition

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

Regulation 7.5.54 or 7.5.55 (about unauthorised transfers)

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.



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