Corporations Amendment Regulations 2002 (No. 9) (282 of 2002)

Schedule 1   Amendments

21   After subregulation 7.5.19 (2)

insert

(3) For Subdivision 4.3, if:

(a) a participant of the licensed CS facility operated by Options Clearing House Pty Limited (the transacting participant ) enters into a reportable transaction; and

(b) under the operating rules of Options Clearing House Pty Limited, another participant (the clearing participant ) has the obligation to complete the transaction and all obligations ancillary to that completion;

regulations 7.5.20 to 7.5.27 (inclusive) apply in relation to the function of completing the transaction, as if the clearing participant, and not the transacting participant, had entered into the transaction.

(4) For Subdivision 4.9, if:

(a) a participant of the licensed CS facility operated by Options Clearing House Pty Limited (the transacting member ) enters into a reportable transaction; and

(b) under the operating rules of Options Clearing House Pty Limited, another participant (the clearing participant ) has the obligation to complete the transaction and all obligations ancillary to that completion;

regulation 7.5.66 applies in relation to the function of completing the transaction as if the clearing participant, and not the transacting participant, had entered into the transaction.