Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The provisions covered by this section are:
(a) the following provisions:
(i) the provisions of this Part;
(ii) the provisions of regulations made for the purposes of the provisions of this Part;
(iii) the provisions of the derivative transaction rules and the derivative trade repository rules; and
(b) definitions in this Act, or in the regulations, as they apply to references in provisions referred to in paragraph (a).
(2) The regulations may:
(a) exempt a person or class of persons from all or specified provisions covered by this section; or
(b) exempt a facility or class of facilities from all or specified provisions covered by this section; or
(c) exempt a derivative transaction or class of derivative transactions from all or specified provisions covered by this section; or
(d) declare that provisions covered by this section apply in relation to a person, facility or derivative transaction, or a class of persons, facilities or derivative transactions, as if specified provisions were omitted, modified or varied as specified in the declaration.