Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS

[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS

Division 5 - Provisions common to both kinds of compensation arrangements

REGULATION 7.5.86 EXCESS MONEY IN NATIONAL GUARANTEE FUND

7.5.86(1) [ Minister may notify SEGC]

The Minister may notify the SEGC that the Minister is satisfied that:

(a) a market licensee specified in the notification is operating a financial market to which Division 4 of Part 7.5 of the Act applies; or

(b) each market licensee specified in the notification is operating a financial market to which Division 4 of Part 7.5 of the Act applies.

7.5.86(2) [ Excess money]

For section 892G of the Act, if, on a day, the amount in the NGF is greater than the minimum amount identified in accordance with section 889I of the Act, the amount by which it is greater is excess money.

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