(1) This regulation is made for paragraph 901D(a) of the Act.
(2) The derivative transaction rules cannot impose clearing requirements in relation to a derivative transaction on a person who is not:
(a) an Australian clearing entity in relation to the transaction; or
(b) a foreign clearing entity in relation to the transaction.
Example: This regulation prevents the derivative transaction rules imposing clearing requirements on, among other things, a range of foreign public entities including the following (subject to paragraphs (2)(a) and (b)):
(a) central banks;
(b) Government debt offices;
(c) multilateral development banks;
(d) the Bank for International Settlements and other similar international organisations.