10.2.09
CurrentNotice to securities exchange of need to prohibit trading
Chapter 10Repeals, transitional matters and application provisions
Part 10.2Transitional arrangements relating to Financial Services Reform legislation
Division 3Status of directions and notices
10.2.09 Notice to securities exchange of need to prohibit trading
(1)
This regulation applies if ASIC gave a notice to a securities exchange under subsection 775(1) of the old Corporations Act before the FSR commencement, stating the Commission’s opinion that it is necessary to prohibit trading in particular securities.
(2)
On and after the FSR commencement, the notice is taken to be written advice given to a market licensee under subsection 794D(1) of the Act.
(3)
ASIC is taken to have complied with its obligation under subsection 794D(1) of the Act to give a statement setting out reasons for making the direction.
This Act’s bill:Explanatory statement
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