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  • No longer in force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
Registered 06 Sep 2010
Tabling HistoryDate
Tabled HR28-Sep-2010
Tabled Senate28-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Repealed by Treasury (Spent and Redundant Instruments) Repeal Regulation 2013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