Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1074d
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1074D
Character Range: 4761330–4762043

1074D  Valid and effective transfer if operating rules complied with
 (1) If a transfer of a financial product is effected:
 (a) through a prescribed CS facility; and
 (b) in accordance with the operating rules of the facility;
the transfer is valid and effective for the purposes of any law or instrument governing or relating to the way in which the financial product may be transferred.
 (2) For the purposes of this section, the transfer of a financial product is taken to be, and always to have been, effected in accordance with the operating rules of a prescribed CS facility if the person or body authorised to do so under those rules determines that the transfer substantially complies with those rules.