Corporations Regulations 2001
View history note
Hide history note(a) an approved special stock market that was, immediately before the FSR commencement, a netting market within the meaning of the Payment Systems and Netting Act 1998 ; and
(b) an exempt stock market that was, immediately before the FSR commencement, a netting market within the meaning of the Payment Systems and Netting Act 1998 ; and
(c) an exempt futures market that was, immediately before the FSR commencement, a netting market within the meaning of the Payment Systems and Netting Act 1998 . 10.2.31(2) [ Deemed netting market]
On and after the FSR commencement, the market is taken to be a netting market for the purposes of that Act.
10.2.31(3) [ Limitation]Subregulation (2) ceases to apply to the market if the market has not become:
(a) the person conducting an Australian financial services licensee; or
(b) an Australian market licensee;
by the end of the transition period.
10.2.31(4) [ Application for netting market approval during transition period]Subregulations (2) and (3) do not prevent a market mentioned in subregulation (1) from applying for netting market approval during the transition period in relation to the market.
Note: The transition period is explained in sections 1418 and 1421 of the Act.
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