Corporations Act 2001
The operating rules of a licensed CS facility must deal with the matters prescribed by regulations made for the purposes of this subsection.822A(2) [ Written procedures]
The regulations may also prescribe matters in respect of which a licensed CS facility must have written procedures.822A(3) [ Exclusion]
However, subsections (1) and (2) do not apply if the licensee is also authorised to operate the facility in the foreign country in which its principal place of business is located and the licence was granted under subsection 824B(2) (overseas clearing and settlement facilities).822A(4) [ ASIC determination on exclusion]
In a subsection (3) case, ASIC may determine, by giving written notice to the licensee, matters in respect of which the licensed CS facility must have written procedures.
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