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CORPORATIONS ACT 2001 - SECT 1074C Operating rules of prescribed CS facility may deal with transfer of title

CORPORATIONS ACT 2001 - SECT 1074C

Operating rules of prescribed CS facility may deal with transfer of title

  (1)   The operating rules of a prescribed CS facility may deal with the transfer of financial products through the facility.

  (2)   Without limiting subsection   (1), the operating rules of a prescribed CS facility may deal with the way in which a financial product may be transferred, including specifying:

  (a)   the financial products that may be transferred through the facility; and

  (b)   how financial products are transferred through the facility; and

  (c)   the person or body (if any) authorised to determine whether a transfer substantially complies with the operating rules of the facility.

  (3)   Nothing in subsection   (1) or (2) confers a discretion to deal with a matter in the operating rules of a prescribed CS facility if there is an obligation under section   822A for that matter to be dealt with in those rules.

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