Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p14
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 14/73)
Character Range: 1723650–1726330

insurance broker within the meaning of the Insurance (Agents and Brokers) Act 1984.

10.2.61  Obligation to report: financial services licensee who formerly held a futures broker's licence
 (1) For section 1444 of the Act, this regulation applies in relation to a financial services licensee whose financial services licence covers regulated activities for a regulated principal of the kind mentioned in item 3 of the table in section 1430 of the Act, in relation to:
 (a) money that is held by the licensee in an account maintained under section 1209 of the old Corporations Act; and
 (b) property that is held by the licensee under section 1209 or 1214 of the old Corporations Act.
 (2) Section 1207 of the old Corporations Act, and any associated provisions, continue to apply in relation to the regulated principal after the end of the transition period in relation to:
 (a) the person in the capacity of a regulated principal of that kind; and
 (b) the money;
as if the person were a futures broker.

10.2.62  Reporting in relation to dealings in derivatives: financial services licensee who formerly held a dealer's licence
 (1) For section 1444 of the Act, this regulation applies in relation to a financial services licensee who is a regulated principal mentioned in item 3 of the table in section 1430 of the Act, and whose financial services licence covers regulated activities for a regulated principal of that kind, in relation to:
 (a) a futures contract within the meaning of section 72 of the old Corporations Act that was acquired by the licensee on behalf of a client before the end of the transition period in relation to the person in the capacity of a regulated principal of that kind; and
 (b) authority to operate a discretionary account within the meaning of section 61 of the old Corporations Act that was given to the licensee before the end of the transition period in relation to the person in the capacity of a regulated principal of that kind.
 (2) Section 1207 of the old Corporations Act, and any associated provisions, continue to apply in relation to the regulated principal after the end of the transition period in relation to:
 (a) the person in the capacity of a regulated principal of that kind; and
 (b) futures contracts mentioned in paragraph (1)(a) that have not been disposed of by the end of a particular month; and
 (c) discretionary accounts mentioned in paragraph (1)(b) for which the authority remained in force during part of a particular month;
as if the person were a futures broker.

10.2.63  Financial statements of financial services licensee: general
 (1) For section 1444 of the Act, this regulation applies in relation to a