CORPORATIONS ACT 2001 - SECT 822A Content of the operating rules and procedures
CORPORATIONS ACT 2001 - SECT 822A
Content of the operating rules and procedures(1) The operating rules of a licensed CS facility must deal with the matters prescribed by regulations made for the purposes of this subsection, and the matters specified in the CS services rules for the purposes of this subsection.
(2) The regulations may also prescribe matters in respect of which a licensed CS facility must have written procedures.
(3) However, subsections (1) and (2) do not apply if the licensee is also authorised to operate the facility in the foreign country in which its principal place of business is located and the licence was granted under subsection 824B(2) (overseas clearing and settlement facilities).
(4) In a subsection (3) case, ASIC may determine, by
giving written notice to the licensee, matters in respect of which the
licensed CS facility must have written procedures.