Section 310L — Companies Act 1993: Matters that Bank must or may have regard to when making, varying, or revoking declaration under section 310K

310L Matters that Bank must or may have regard to when making, varying, or revoking declaration under section 310K (1) In determining whether a declaration should be made, varied, or revoked under section 310K , the Bank must have regard to the extent to which the application of sections 310A to 310O to any multilateral netting agreement that is subject to the rules of that clearing house would assist in promoting the soundness or efficiency of the financial system. (2) In determining whether a declaration should be made, varied, or revoked under section 310K , the Bank may have regard to any of the following matters: (a) The type of transactions that may be effected through the clearing house; and (b) Any laws or regulatory requirements relating to the operation of that clearing house and compliance with those laws or regulatory requirements; and (c) Any other matters that the Bank may, in any particular case, consider appropriate. Sections 310A to 310O were inserted, as from 26 April 1999, by section 15 Companies Amendment Act 1999 (1999 No 19).