Continuation of SIS Regulations during transition period
10.2.120B Continuation of SIS Regulations during transition period
For section 1444 of the Act, this regulation applies in relation to a financial product:
to which the SIS Act applied immediately before the FSR commencement; and
for which a transition period exists.
The following provisions of the SIS Regulations, as in force immediately before the FSR commencement, continue to apply in relation to the financial product:
Divisions 2.1 and 2.3;
Subdivisions 2.4.1 and 2.4.2;
Divisions 2.5, 2.7 and 2.7A;
Subdivisions 2.8.1, 2.8.3, 2.8.4 and 2.8.5;
regulation 3.10;
regulation 4.01;
regulation 5.12;
regulation 5.15 (other than paragraphs 5.15(a) and (c));
regulations 5.17 and 5.22;
regulation 6.17;
regulation 6.28;
regulation 6.29;
subregulation 13.07(2).
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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