Corporations (Derivatives) Amendment Determination 2015 (No. 1)

Dated 22 August 2015

Josh Frydenberg

Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Corporations (Derivatives) Determination 2013                                                                            2

1  Name

                   This is the Corporations (Derivatives) Amendment Determination 2015 (No. 1).

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Corporations Act 2001.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Corporations (Derivatives) Determination 2013

1  At the end of the determination

Add:

5  Derivatives for which rules may impose clearing requirements

             (1)  This section:

                     (a)  determines the classes of derivatives in relation to which clearing requirements may be imposed; and

                     (b)  is made for subsection 901B(2) of the Corporations Act 2001.

             (2)  The classes of derivatives determined for that subsection are interest rate derivatives denominated in any of the following currencies:

                     (a)  Australian dollars;

                     (b)  US dollars;

                     (c)  euros;

                     (d)  British pounds;

                     (e)  Japanese yen.