Document ID: chunk:federal_register_of_legislation:C2004C01070:clause:6_16
Version: federal_register_of_legislation:C2004C01070
Segment Type: clause
Provision Reference: sch 6 cl 16
Character Range: 670110–670640

16  Subsection 1209(6)
Repeal the subsection, substitute:

 (6) A futures broker must not deal with property deposited by the broker in safe custody under subsection (3) except:
 (a) in accordance with the terms and conditions on which it was deposited with, or received by, the broker; or
 (b) for the purpose of meeting obligations incurred by the broker in connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in futures contracts effected by the broker on behalf of clients only.