Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_981d
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 981D
Character Range: 451521–452182

981D  Money related to derivatives may be used for general margining etc. purposes

  Despite anything in regulations made for the purposes of section 981C, if:
 (a) the financial service referred to in subparagraph 981A(1)(a)(i) is or relates to a dealing in a derivative; or
 (b) the financial product referred to in subparagraph 981A(1)(a)(ii) is a derivative;
the money concerned may also be used for the purpose of meeting obligations incurred by the licensee in connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in derivatives by the licensee (including dealings on behalf of people other than the client).