Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 04/213]

Authoritative Version
  • - F2006B01493
  • No longer in force
CO 04/213 Orders/ASIC Class Orders as made
This Class Order makes minor technical amendments to ASIC Class Order [CO 03/1101] that granted relief from the requirement to hold an Australian financial services licence for wholesale foreign financial services providers regulated by the Federal Reserve and Office of Comptroller of Currency of the United States.
Administered by: Treasury
General Comments: This Class Order was published in the Australian Securities and Investments Commission Gazette on 10 March 2004.
Registered 11 Sep 2006
Gazetted 10 Mar 2004
Date of repeal 09 Aug 2013
Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013

Australian Securities and Investments Commission
Corporations Act 2001 - Paragraph 911A(2)(l) - Variation

 

Under paragraph 911A(2)(l) of the Corporations Act 2001 the Australian Securities and Investments Commission varies Class Order [CO 03/1101] as follows:

 

1.                in the introductory words of Schedule A, omit "foreign company", substitute "corporation";

 

2.                in subparagraph (aa)(ii) of Schedule A, after "partnership" insert "that is a foreign company";

 

3.                in paragraph (b) of Schedule A, insert before subparagraph (i):

 

"(ia)       is a company; or";

 

4.                in subparagraph 2(c)(iv) of Schedule B, after "not" insert "a company or"; and

 

5.                in paragraph 1 of Schedule C, omit "would comply, so far as possible, with the US regulatory requirements if the financial service were provided in the US in like circumstances.", substitute "complies with the US regulatory requirements that apply to the provision of the service.".

 

Commencement

 

This instrument takes effect on gazettal.

 

Dated this 5th day of March 2004.

 

 

 

Signed by Brendan Byrne

as a delegate of the Australian Securities and Investments Commission