Document ID: chunk:federal_register_of_legislation:F2023C00841:body:0:p12
Version: federal_register_of_legislation:F2023C00841
Segment Type: other
Provision Reference: 
Character Range: 28646–31703

the value of the assets of the sub-fund less the value of the liabilities of the sub-fund (other than liabilities to members as members of the sub-fund), as they would appear on a balance sheet at the time of calculation made up for lodgment as part of a financial report under Chapter 2M of the Act.
           notional derivatives exposure, in relation to a retail CCIV (in respect of a sub-fund), means the absolute sum of:
              (a) the face value of, or the notional amount in respect of, each derivative as at the date on which the derivative is entered into, held by the retail CCIV (in respect of the sub-fund) that gives rise to an exposure (long exposure) because the retail CCIV (in respect of the sub-fund) would benefit by an increase in the price or value of the underlying or reference asset to which the derivative relates; and
              (b) the face value of, or the notional amount in respect of, each derivative as at the date on which the derivative is entered into, held by the retail CCIV (in respect of the sub-fund) that gives rise to an exposure (short exposure) because the retail CCIV (in respect of the sub-fund) would benefit by a decrease in the price or value of the underlying or reference asset to which the derivative relates;
                    adjusted as follows:
              (c) if a derivative gives rise to a long exposure and another derivative gives rise to a short exposure, and both derivatives are otherwise on the same terms and relate to an underlying or reference asset of the same class, the face value of, or notional amount in respect of, each derivative is to be offset against each other.
           prescribed foreign regulatory authority has the same meaning as in regulation 7.9.11S of the Regulations.
           prescribed published index has the same meaning as in regulation 7.9.11S of the Regulations.
           securities lending arrangement has the same meaning as in regulation 7.9.11S of the Regulations.
           simple sub-fund means a sub-fund of a retail CCIV in respect of which a simple sub-fund product is referable.".
(3)  Part 7.9 of the Act applies in relation to a responsible entity of a simple managed investment scheme and a retail CCIV in respect of a simple sub-fund as if the Regulations were modified or varied by, after Schedule 10F, inserting:

                   "Schedule 10G  Prescribed foreign regulatory authorities
                   (subregulations 7.9.11S(7) and 7.9.11ZA(7))
              Item Foreign regulatory authorities
              1 Alberta Securities Commission
              2 Finanzmarktaufsicht (Financial Market Authority (Austria))
              3 Financial Services and Markets Authority (Belgium)
              4 British Columbia Securities Commission
              5 Financial Supervision Commission (Bulgaria)
              6 Cyprus Securities and Exchange Commission
              7 Czech National Bank
              8 Finanstilsynet (Danish Financial Supervisory Authority)
              9 Dubai Financial Services Authority