7.9.100A
CurrentSeller disclosure of existing short position
Chapter 7Financial services and markets
Part 7.9Financial product disclosure and other provisions relating to issue and sale of financial products
Division 15Disclosure in relation to short sales covered by securities lending arrangement of listed section 1020B products
7.9.100A Seller disclosure of existing short position
(1)
If a seller has a short position which arises from an agreement to sell, entered into before commencement of this regulation, the seller must give particulars about the short position as at the close of business on the day this regulation commences:
(a)
on or before 9 am on the third reporting day after commencement of this regulation; and
(b)
on or before 9 am on each subsequent reporting day as long as the seller has a short position.
(2)
The particulars must be given to ASIC in the form required by ASIC.
This Act’s bill:Explanatory statement
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