10.2.176
CurrentOffers that do not need disclosure
Chapter 10Repeals, transitional matters and application provisions
Part 10.2Transitional arrangements relating to Financial Services Reform legislation
Division 32Effect on product disclosure of transition to licensed markets and licensed CS facilities
10.2.176 Offers that do not need disclosure
(1)
For section 1444 of the Act, this regulation applies in relation to a managed investment product.
(2)
A reference in subsection 708(10) of the old Corporations Act to a licensed dealer includes a financial services licensee.
(3)
A reference in subsection 708(11) of the old Corporations Act to:
(a)
a person who is a licensed or exempt dealer; or
(b)
a person who is a licensed or exempt investment adviser;
includes a financial services licensee.
This Act’s bill:Explanatory statement
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