7.1.22A
CurrentRetail clients and wholesale clients: value of foreign exchange contracts
Chapter 7Financial services and markets
Part 7.1Preliminary
Division 2Retail clients and wholesale clients
7.1.22A Retail clients and wholesale clients: value of foreign exchange contracts
(1)
This regulation makes arrangements about the value of a foreign exchange contract that is not a derivative.
Value
(2)
For paragraph 761G(7)(a) of the Act, the amount applicable to a foreign exchange contract is $500 000.
Working out value: general rule
(3)
For paragraph 761G(10)(a) of the Act, the value of a foreign exchange contract is the amount paid or payable under the foreign exchange contract.
This Act’s bill:Explanatory statement
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.