Document ID: chunk:federal_register_of_legislation:C2023A00069:clause:2_103
Version: federal_register_of_legislation:C2023A00069
Segment Type: clause
Provision Reference: sch 2 cl 103
Character Range: 90835–91566

103  At the end of section 768A
Add:

Meaning of participant
 (3) A person who is allowed to participate directly in a clearing and settlement facility under the facility's operating rules is a participant in the facility.
 (4) A person who is:
 (a) recognised by the operating rules of the facility as a suitably qualified affiliate of the facility; and
 (b) involved in the carrying on of a financial services business (including as an employee, director or in some other capacity);
is also, for the purposes of the following provisions, a participant in the facility:
 (c) paragraph 821B(2)(b);
 (d) section 822B;
 (e) subsection 915F(2);
 (f) any other provisions prescribed by regulations for the purposes of this paragraph.