Continuation of RSA Regulations during transition period
10.2.120A Continuation of RSA Regulations during transition period
For section 1444 of the Act, this regulation applies in relation to a financial product:
to which the RSA Act applied immediately before the FSR commencement; and
for which a transition period exists.
The following provisions of the RSA Regulations, as in force immediately before the FSR commencement, continue to apply in relation to the financial product:
Division 2.1;
regulation 2.09;
Divisions 2.3, 2.4, 2.5, 2.7 and 2.8;
regulation 3.07;
regulation 3.09 (other than paragraphs 3.09(a) and (c));
regulation 4.32;
regulation 4.33;
regulation 6.12.
Subregulation (2) ceases to apply in relation to the financial product at the end of the transition period for the financial product.
This Act’s bill:Explanatory statement
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