Corporations Regulations 2001

This regulation is made for paragraph 901D(a) of the Act.

The derivative transaction rules cannot impose clearing requirements in relation to a derivative transaction on a person who is not:

an Australian clearing entity in relation to the transaction; or

a foreign clearing entity in relation to the transaction.

This regulation prevents the derivative transaction rules imposing clearing requirements on, among other things, a range of foreign public entities including the following (subject to paragraphs (2)(a) and (b)):

central banks;

Government debt offices;

multilateral development banks;

the Bank for International Settlements and other similar international organisations.