Direction to futures exchange—orderly market
10.2.11 Direction to futures exchange—orderly market
This regulation applies if ASIC gave a notice to a futures exchange under subsection 1138(1) of the old Corporations Act before the FSR commencement.
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.
ASIC is taken to have complied with its obligations under section 794D of the Act in relation to the period before giving the written advice.
ASIC is taken to have complied with its obligations under subsection 794D(5) of the Act if it complies with those obligations as soon as practicable after the FSR commencement.
This Act’s bill:Explanatory statement
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