THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.2 - FUTURES EXCHANGES, CLEARING HOUSES AND FUTURES ASSOCIATIONS

Division 2 - Clearing houses

SECTION 1128   WHEN A PERSON MAY PROVIDE CLEARING HOUSE FACILITIES  

1128    A person must not provide, or hold out that the person provides, clearing house facilities for a futures market (other than an exempt futures market) unless:

(a)  the futures market is conducted by a futures exchange; and

(b)  the person is a body corporate; and

(c)  an approval of the person under section 1131 as a clearing house for that futures exchange is in force.