Segregation of client money and property
10.2.162 Segregation of client money and property
For section 1444 of the Act, this regulation applies in relation to a regulated principal mentioned in item 3 of the table in section 1430 of the Act.
A reference in subparagraph 1209(5)(d)(iv) of the old Corporations Act to a clearing house for a futures exchange includes a CS facility that provides its services for the clearing and settlement of transactions effected through a licensed market for derivatives.
A reference in subsection 1209(5A) of the old Corporations Act to:
another broker; or
a receiving broker;
includes a financial services licensee.
A reference in subsection 1209(5B) of the old Corporations Act to the brokers concerned includes a financial services licensee.
This Act’s bill:Explanatory statement
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