Document ID: chunk:federal_register_of_legislation:C2025C00185:section:762a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 762A
Character Range: 3011461–3012292

762A  Overview of approach to defining what a financial product is

General definition
 (1) Subdivision B sets out a general definition of financial product. Subject to subsections (2) and (3), a facility is a financial product if it falls within that definition.

Specific inclusions
 (2) Subdivision C identifies, or provides for the identification of, kinds of facilities that, subject to subsection (3), are financial products (whether or not they are within the general definition).

Overriding exclusions
 (3) Subdivision D identifies, or provides for the identification of, kinds of facilities that are not financial products. These facilities are not financial products:
 (a) even if they are within the general definition; and
 (b) even if they are within a class of facilities identified as mentioned in subsection (2).