Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_822b
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 822B
Character Range: 146535–147291

822B  Legal effect of operating rules

  The operating rules of a licensed CS facility have effect as a contract under seal:
 (a) between the licensee and each issuer of financial products in respect of which the facility provides its services; and
 (b) between the licensee and each participant in the facility; and
 (c) between each issuer of financial products in respect of which the facility provides its services and each participant in the facility; and
 (d) between a participant in the facility and each other participant in the facility;
under which each of those persons agrees to observe the operating rules to the extent that they apply to the person and to engage in conduct that the person is required by the operating rules to engage in.