Federal Register of Legislation - Australian Government

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ASIC Class Order [CO 10/737]

Authoritative Version
  • - F2010L02405
  • No longer in force
CO 10/737 Orders/ASIC Class Orders as made
This Class Order varies ASIC Class Order [CO 03/1099], [CO 03/1100], [CO 03/1103] and [CO 04/829] for foreign financial services providers.
Administered by: Treasury
Made 31 Aug 2010
Registered 06 Sep 2010
Tabled HR 28 Sep 2010
Tabled Senate 28 Sep 2010
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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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

 

Enabling legislation

 

1.       The Australian Securities and Investments Commission makes this instrument under paragraph 911A(2)(l) of the Corporations Act 2001.

Title

2.       This instrument is ASIC Class Order [CO 10/737].

 

Commencement

 

3.       This instrument commences on the later of:

 

(a)      the date it is registered under the Legislative Instruments Act 2003; and

 

(b)     the date of its gazettal.

                       

Note:    An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, s 4 (definition of register).  The FRLI may be accessed at http://www.frli.gov.au/.

 

Variations

 

ASIC Class Order [CO 03/1099]

 

4.       ASIC Class Order [CO 03/1099] is varied by,    in paragraph 1 of Schedule B:

 

(a)     in subparagraph (i) omitting “or”;

 

(b)     after subparagraph (i), inserting the following subparagraph:

 

“(ia)   managed investment products; or”. 

 

ASIC Class Order [CO 03/1100]

 

5.       ASIC Class Order [CO 03/1100] is varied by:

 

(a)     in paragraph (a) of Schedule A:

 

(i)      in subparagraph (i):

 

(A)    omitting “that:” and substituting “that is a member of FINRA and FINRA is the body’s examining authority; or”;

 

(B)     omitting sub-subparagraphs (A) and (B);

 

(ii)     in subparagraph (ii) omitting “the NYSE or NASD;” and substituting “FINRA;”;

 

(b)     in paragraph 1 of Schedule B:

 

(i)      in subparagraph (h) omitting “or”;

 

(ii)     after subparagraph (h) inserting the following subparagraph:

 

“(ha)  managed investment products; or”;  

 

(c)     under the heading “Interpretation”:

 

(i)      after the definition of financial services law, inserting the following definition:

 

FINRA means the Financial Industry Regulation Authority;”;

 

(ii)     omitting the definitions of NASD and NYSE;

 

(iii)     in the definition of registered investment adviser after “body corporate”, inserting “or a partnership formed in the US or a State of the US”; 

 

(iv)    omitting the definition of US regulatory requirements, substitute:

 

US regulatory requirements means the rules that apply in relation to the financial services including: 

 

(a)     any applicable legislation, instruments made under that legislation and any relevant policies or other documents (however described) issued by the SEC; and

 

(b)     if the body is covered by subparagraph (a)(i) of Schedule A but not subparagraphs (a)(ii) or (iii) of that Schedule—any applicable rules, policies or other documents (however described) of FINRA; and”.       

                            

ASIC Class Order [CO 03/1103]

 

6.       ASIC Class Order [CO 03/1103] is varied by,    in paragraph 1 of Schedule B:

 

(a)     in subparagraph (g) omitting “or”;

 

(b)     after subparagraph (g), inserting the following subparagraph:

 

“(ga)  managed investment products; or”. 

 

ASIC Class Order [CO 04/829]

 

7.       ASIC Class Order [CO 04/829] is varied by, in paragraph 1 of Schedule B:

 

(a)     in subparagraph (f) omitting “or”;

 

(b)     after subparagraph (f), inserting the following subparagraph:

 

“(fa)   managed investment products; or”. 

 

 

Dated this 31st day of August 2010

 

 

 

 

Signed by Stephen Yen PSM

as a delegate of the Australian Securities and Investments Commission