10.2.32
CurrentNetting market approval granted before the FSR commencement
Chapter 10Repeals, transitional matters and application provisions
Part 10.2Transitional arrangements relating to Financial Services Reform legislation
Division 10Status of netting markets
10.2.32 Netting market approval granted before the FSR commencement
On and after the FSR commencement, a netting market approval granted:
(a)
under the Payment Systems and Netting Act 1998; and
(b)
in relation to a market other than a market mentioned in subregulation 10.2.31(1) before the FSR commencement;
is taken to continue in force.
This Act’s bill:Explanatory statement
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