Section 1074C — Corporations Act 2001 (Cth)

(1) The operating rules of a prescribed CS facility may deal with the transfer of financial products through the facility.

(2) Without limiting subsection (1), the operating rules of a prescribed CS facility may deal with the way in which a financial product may be transferred, including specifying:

(a) the financial products that may be transferred through the facility; and

(b) how financial products are transferred through the facility; and

(c) the person or body (if any) authorised to determine whether a transfer substantially complies with the operating rules of the facility.

(3) Nothing in subsection (1) or (2) confers a discretion to deal with a matter in the operating rules of a prescribed CS facility if there is an obligation under section 822A for that matter to be dealt with in those rules.

Related sections

• s 1073E — ASIC may extend regulations to securities not otherwise covered
• s 1073F — Operation of this Division and regulations made for its purposes
• s 1074A — Financial products to which this Division applies
• s 1074D — Valid and effective transfer if operating rules complied with
• s 1074E — Regulations may govern transfer of financial products in accordance with operating rules of prescribed CS facility
• s 1074F — Issuer protected from civil liability for person’s contravention of prescribed CS facility’s certificate cancellation rules

Research how courts apply s 1074C

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.