Australian Securities and Investments Commission Corporations (Derivative Clearing Exemption) Instrument 2018/209 (Cth)

ASIC Corporations (Derivative Clearing Exemption) Instrument 2018/209

About this compilation

Compilation No. 3

This is a compilation of ASIC Corporations (Derivative Clearing Exemption) Instrument 2018/209 as in force on 31 March 2022. It includes any commenced amendment affecting the legislative instrument to that date.

This compilation was prepared by the Australian Securities and Investments Commission.

The notes at the end of this compilation (the endnotes) include information

about amending instruments and the amendment history of each amended provision.

Contents

Part 1—Preliminary

1    Name of legislative instrument

3    Authority

4    Definitions

Part 2—Exemption

5    Forward Rate Agreements denominated in Australian dollars

Endnotes

Endnote 1—Instrument history

Endnote 2—Amendment history

Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Corporations (Derivative Clearing Exemption) Instrument 2018/209.

3        Authority

This instrument is made under paragraph 907D(2)(a) of the Corporations Act 2001.

4        Definitions

(1)     In this instrument:

Rules means the ASIC Derivative Transaction Rules (Clearing) 2015.

(2)     In this instrument, unless otherwise specified, capitalised terms have the meaning given by the Rules.

Part 2—Exemption

5        Forward Rate Agreements denominated in Australian dollars

Relief

A Clearing Entity does not have to comply with Rule 2.1.1 of the Rules in relation to a Forward Rate Agreement that was entered into before 2 April 2024 if the notional principal amount and payments under the Forward Rate Agreement are denominated in Australian dollars.

Endnotes

Endnote 1—Instrument history

Instrument number	Date of FRL registration	Date of commencement	Application, saving or transitional provisions
2018/209	29/3/2018 (see F2018L00436)	30/3/2018
2019/202	26/3/2019 (see F2019L00408)	27/3/2019	-
2020/149	23/3/2020 (see F2020L00289)	24/3/2020	-
2022/206	30/3/2022 (see F2022L00422)	31/3/2022	-

Endnote 2—Amendment history

ad. = added or inserted     am. = amended     LA = Legislation Act 2003    rep. = repealed     rs. = repealed and substituted

Provision affected	How affected
Section 2	rep. s48D LA
Section 5	am. 2019/202; 2020/149 and 2022/206