10.2.20
CurrentSpecial report by securities exchange about compliance with ongoing requirements: ASIC requirements
Chapter 10Repeals, transitional matters and application provisions
Part 10.2Transitional arrangements relating to Financial Services Reform legislation
Division 5Special reports
10.2.20 Special report by securities exchange about compliance with ongoing requirements: ASIC requirements
(1)
This regulation applies if:
(a)
a securities exchange was required, before the FSR commencement, to give ASIC a special report under subsection 769D(1) of the old Corporations Act; and
(b)
ASIC had not complied with its obligations to the Minister under section 769D of the old Corporations Act before the FSR commencement; and
(c)
the period for compliance had not expired before the FSR commencement.
(2)
On and after the FSR commencement, ASIC’s obligations to the Minister are taken to be obligations under subsection 794B(1) of the Act.
This Act’s bill:Explanatory statement
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