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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.5 - COMPENSATION REGIMES FOR FINANCIAL MARKETS    View history reference

Division 2 - When there must be a compensation regime    View history reference

SECTION 881A  LICENSED MARKETS THROUGH WHICH PARTICIPANTS PROVIDE SERVICES FOR RETAIL CLIENTS MUST GENERALLY HAVE A COMPENSATION REGIME  

 View history reference

881A(1)  [Requirement for compensation regime]  


If:


(a) any of the participants in a licensed market, in effecting transactions through the market, provide financial services for persons as retail clients; and


(b) in connection with the provision of those financial services, those persons will or may give money or other property, or authority over property, to those participants; and


(c) the market is not a financial market to which Division 4 applies;

there must be compensation arrangements in relation to the market that are approved in accordance with Division 3.

881A(2)  [Application]  


The compensation regime applicable in relation to financial markets to which Division 4 applies is as constituted by that Division.


 



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