Document ID: chunk:federal_register_of_legislation:C2025C00185:section:981m
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 981M
Character Range: 4080558–4081381

981M  Complying with client money reporting rules
 (1) Financial services licensees must comply with the client money reporting rules.
Note: This subsection is a civil penalty provision (see section 1317E). For relief from liability to a civil penalty relating to this subsection, see section 1317S.
 (2) If there is an inconsistency between the client money reporting rules, and any of the following other rules:
 (a) the market integrity rules;
 (b) the derivative transaction rules;
 (c) the derivative trade repository rules;
those other rules prevail to the extent of the inconsistency.
Note: If there is an inconsistency between the client money reporting rules and the operating rules of a licensed market or of a licensed CS facility, the client money reporting rules prevail: see subsections 793B(2) and 822B(2).