Document ID: chunk:federal_register_of_legislation:F2024L01032:schedule:5
Version: federal_register_of_legislation:F2024L01032
Segment Type: schedule
Provision Reference: sch 5
Character Range: 18304–19677

Schedule 5—Amendments

ASIC Derivative Transaction Rules (Clearing) 2015
    1 Rule 1.2.1 (definition of Derivative Transaction)
Omit "section 761A", substitute "section 9".
    2 Rule 1.2.1 (note to definition of Determined Clearing Class)
Omit "section 5", substitute "section 7".
    3 Rule 1.2.1 (note to definition of Determined Clearing Class)
Omit "2013", substitute "2023".
    4 Rule 1.2.1 (definition of Exempt Financial Market)
Repeal the definition.
    5 Rule 1.2.1 (definition of Licensed CS Facility)
Omit "section 761A", substitute "section 9".
    6 Rule 1.2.1 (definition of Part 7.2A Market)
Repeal the definition.
    7 Rule 1.2.1 (after the definition of Overnight Index Swap)
Insert:
OTC Derivative has the meaning given by rule 1.2.4 of the Reporting Rules.
    8 Rule 1.2.1 (definition of Regulated Foreign Market)
Repeal the definition.
    9 Subrule 1.2.3(1)
Omit the subrule, substitute:
(1) Subject to subrules (6) to (7), a Derivative is a Clearing Derivative if the Derivative:
        (a)        is an OTC Derivative; and
        (b)       is in a Determined Clearing Class; and
        (c)        is a Basis Swap, Fixed-to-Floating Swap, Forward Rate Agreement or Overnight Index Swap; and
        (d)       meets the IRD Class Specifications.
    10 Subrule 1.2.3(7)
Repeal the subrule.
    11 Subrule 1.2.3(8)
Omit "(8)", substitute "(7)".