CORPORATIONS REGULATIONS 2001 - REG 7.3.14 Documents

CORPORATIONS REGULATIONS 2001 - REG 7.3.14

    For paragraph   824A(1)(b) of the Act, the documents required as part of an application by the body corporate for an Australian CS facility licence are:

  (a)   the body corporate's authorisation to operate the clearing and settlement facility in the foreign country in which its clearing and settlement facility is located (the home country ), including any conditions imposed on the body corporate's operation of its clearing and settlement facility in the home country; and

  (b)   a copy of any agreement, or draft agreement, between the body corporate and a market licensee relating to the clearing and settlement facility services to be provided; and

  (c)   sufficient documentation to allow the Minister to be satisfied that the regulation of the clearing and settlement facility in its home country is equivalent to regulation under the Act.

Example for paragraph   (c):   Copies of the relevant legislation, rules and procedures in the home country.