ASIC Class Order [CO 13/721]
About this compilation
Compilation No. 4
This is a compilation of ASIC Class Order [CO 13/721] as in force on 15 November 2022. It includes any commenced amendment affecting the legislative instrument to that date.
This compilation was prepared by the Australian Securities and Investments Commission.
The notes at the end of this compilation (the endnotes) include information
about amending instruments and the amendment history of each amended provision.
Australian Securities and Investments Commission
Corporations Act 2001—Subsections 601QA(1), 1020F(1), 655A(1), 1243(2) and 673(1)— Exemptions and Declarations
Enabling Legislation
1. The Australian Securities and Investments Commission (ASIC) makes this instrument under subsections 601QA(1), 655A(1), 673(1), 1020F(1) and 1243(2) of the Corporations Act 2001 (the Act).
Title
2. This instrument is ASIC Class Order [CO 13/721].
Exemption—Unequal treatment in withdrawal from an ETF—responsible entities
4. A responsible entity of an exchange traded fund does not have to comply with paragraph 601FC(1)(d) of the Act to the extent that it would prevent the responsible entity from permitting only authorised participants to withdraw from the fund.
Where the exemption applies
5. The exemption applies where all of the following are satisfied:
(a) there is a Product Disclosure Statement in relation to interests in the exchange traded fund that are or will be able to be traded on a financial market operated by ASX or Cboe that contains statements to the effect that:
(i) the responsible entity will not treat members of the same class equally to the extent that it restricts withdrawal from the fund to authorised participants; and
(ii) except in exceptional circumstances only authorised participants may
withdraw from the fund, but other members may sell their interests on the financial market operated by ASX or Cboe; and
(iii) when interests in the exchange traded fund are suspended from trading on the financial market operated by ASX or Cboe for more than 5 consecutive trading days, members have a right to withdraw from the fund and receive payment for their interests in money within a reasonable time of request unless any of the following apply:
(A) the fund is being wound-up;
(B) the fund is not liquid as defined in subsection 601KA(4) of the Act;
(C) the responsible entity suspends withdrawals in accordance with the constitution;
(b) the constitution of the exchange traded fund does not permit a withdrawal fee per interest in the fund to be payable by a member who is not an authorised participant that is greater than the withdrawal fee per interest that would generally be payable by an authorised participant receiving redemption proceeds in cash while interests in the exchange traded fund are quoted when withdrawing the minimum parcel.
Note: Subparagraph 5(b) applies regardless of whether the withdrawal fees for the fund are calculated on a per interest basis or otherwise.
Exemption—Unequal treatment in withdrawal from an ETF—corporate directors
5A. The corporate director of an exchange traded fund does not have to comply with paragraph 1224D(2)(b) of the Act to the extent that it would prevent the corporate director from permitting only authorised participants to withdraw from the fund.
Where the exemption applies
5B. The exemption applies where all of the following are satisfied:
(a) there is a Product Disclosure Statement in relation to shares in the exchange traded fund that are or will be able to be traded on a financial market operated by ASX or Cboe that contains statements to the effect that:
(i) the corporate director will not treat members of the fund who hold shares of the same class equally to the extent that it restricts withdrawal from the fund to authorised participants; and
(ii) except in exceptional circumstances only authorised participants may withdraw from the fund, but other members of the fund may sell their shares on the financial market operated by ASX or Cboe; and
(iii) when shares in the exchange traded fund are suspended from trading on the financial market operated by ASX or Cboe for more than 5 consecutive trading days, members of the fund have a right to withdraw from the fund and receive payment for their shares in money within a reasonable time of request unless any of the following apply:
(A) the fund is being wound-up;
(B) section 1230H (about when a sub-fund is liquid) does not apply to the fund;
(C) the CCIV suspends withdrawals in accordance with the constitution of the fund;
(b) the constitution of the CCIV, in respect of a sub-fund that is an exchange traded fund, does not permit a withdrawal fee per share in the fund to be payable by a member who is not an authorised participant that is greater than the withdrawal fee per share that would generally be payable by an authorised participant receiving redemption proceeds in cash while shares in the exchange traded fund are quoted when withdrawing the minimum parcel.
Note: Paragraph 5B(b) applies regardless of whether the withdrawal fees for the fund are calculated on a per share basis or otherwise.
Exemption—Unequal treatment in provision of information to authorised participants—responsible entities
6. A responsible entity of an exchange traded fund does not have to comply with paragraph 601FC(1)(d) of the Act to the extent that it would prevent the responsible entity from providing information to authorised participants before other members about:
(a) the index the fund aims to track as its investment strategy; and
(b) scheme property specifying:
(i) the number and class of securities and any other property required to acquire an interest in the fund by authorised participants on the trading day that first ends after the information is provided; and
(ii) the number and class of securities and any other property transferred on withdrawal from an interest in the fund by authorised participants on the trading day that first ends after the information is provided.
Where the exemption applies
7. The exemption applies where there is a Product Disclosure Statement in relation to interests in the exchange traded fund that are or will be able to be traded on a financial market operated by ASX or Cboe that contains a statement to the effect that the responsible entity will provide information about the index that the fund aims to track as its investment strategy and the number and identity of securities in the fund to authorised participants before other members.
Conditions
8. The responsible entity must:
(a) publicly disclose any information which has been disclosed to authorised participants as permitted by the exemption before the commencement of the trading day after the day on which such disclosure was made to authorised participants; and
(b) take reasonable steps to ensure that the following information is publicly available and updated every 15 minutes during each trading day:
(i) where the exchange traded fund has only one class of interests—the indicative net asset value per interest in the exchange traded fund; or
(ii) otherwise—the indicative net asset value per interest for each class of interests.
Exemption—Unequal treatment in provision of information to authorised participants—corporate directors
8A. A corporate director of an exchange traded fund does not have to comply with paragraph 1224D(2)(b) of the Act to the extent that it would prevent the corporate director from providing information to authorised participants before other members about:
(a) the index the fund aims to track as its investment strategy; and
(b) assets of the fund specifying:
(i) the number and class of securities and any other property required to acquire securities in the fund acquired by authorised participants on the trading day that first ends after the information is provided; and
(ii) the number and class of securities and any other property required to acquire securities in the fund disposed of by participants on the trading day that first ends after the information is provided.
Where the exemption applies
8B. The exemption applies where there is a Product Disclosure Statement in relation to shares in the exchange traded fund that are or will be able to be traded on a financial market operated by ASX or Cboe that contains a statement to the effect that the corporate director will provide information about the index that the fund aims to track as its investment strategy and the number and identity of shares in the fund to authorised participants before other members;
Conditions
8C. The corporate director must:
(a) publicly disclose any information which has been disclosed to authorised participants as permitted by the exemption before the commencement of the trading day after the day on which such disclosure was made to authorised participants; and
(b) take reasonable steps to ensure that the following information is publicly available and updated every 15 minutes during each trading day:
(i) where the exchange traded fund has only one class of shares—the indicative net asset value per share in the exchange traded fund; or
(ii) otherwise—the indicative net asset value per share for each class of shares.
Exemption—Ongoing disclosure for ETFs and managed funds—responsible entities
9. A responsible entity of an exchange traded fund or a managed fund whose interests are in a class of interests that are able to be traded on a financial market operated by ASX or Cboe, does not have to comply with section 1017B of the Act for as long as the conditions in paragraph 10 are met.
Conditions
10. The responsible entity must:
(a) comply with section 675 of the Act as if the scheme were an unlisted disclosing entity; and
(b) include statements in any Product Disclosure Statement for interests in the scheme to the effect that the responsible entity will comply with the continuous disclosure requirements of the Act as if the scheme were an unlisted disclosing entity.
Exemption—Ongoing disclosure for ETFs and managed funds—CCIVs
10A. Where a sub-fund of a CCIV is an exchange traded fund or a managed fund whose shares are in a class of shares that are able to be traded on a financial market operated by ASX or Cboe, the CCIV does not have to comply with section 1017B of the Act for as long as the conditions in section 10B are met.
Note: Section 1017B of the Act applies to a CCIV subject to the modifications set out in Division 4 of Part 8B.4: see sections 1241 and 1241Z.
Conditions
10B. The CCIV must:
(a) comply with section 675 of the Act as if the CCIV were an unlisted disclosing entity; and
(b) include statements in any Product Disclosure Statement for shares in the CCIV (in respect of the sub-fund) to the effect that the CCIV will comply with the continuous disclosure requirements of the Act as if the CCIV were an unlisted disclosing entity.
Note: Section 675 has a modified operation in relation to securities in a CCIV: see section 1240F.
Declaration—Relevant Interest
11. Chapters 6 and 6C of the Act apply to all persons as if section 609 were modified or varied by inserting after subsection 609(16) (as notionally inserted by ASIC Class Order [CO 12/1209]):
“ETFs—registered schemes
(19A) A member of a registered scheme who is an authorised participant in relation to the scheme does not have a relevant interest in securities that form part of scheme property of the scheme merely because the scheme has an acquisition and withdrawal facility, provided that:
(a) the scheme is an exchange traded fund; and
(b) the current PDS contains a statement to the effect that the investment strategy for the scheme is to make investments that are expected to result in the value of an interest in the scheme changing in proportion to the value of a published index of securities, ignoring the effect of fees and other costs (including taxes) in relation to the scheme; and
(c) the current PDS contains a statement to the effect that at the time the investment strategy for the scheme disclosed in the current PDS was first published in a Product Disclosure Statement for interests in the scheme, there were reasonable grounds to believe that implementation of the investment strategy would not be likely to lead to scheme property including securities in a class of securities that:
(i) would represent more than 10% by value of scheme property; and
(ii) were, or would result in the responsible entity having a relevant interest in, securities in:
(A) a listed company; or
(B) an unlisted company with more than 50 members; or
(C) a listed body that is formed or incorporated in Australia; or
(D) a listed scheme.
Note: The responsible entity may have a relevant interest in securities that do not form part of scheme property because of paragraph 608(3)(b).
(19B) If subsection (19A) applies in relation to a member and the member makes a withdrawal request under the acquisition and withdrawal facility:
(a) subsection (19A) stops applying in relation to any securities that the member would receive if the responsible entity transferred securities to the member in accordance with the withdrawal request; and
(b) the member is taken to acquire a relevant interest in those securities at that time through a transaction in relation to the securities entered into by the member.
Note: If the member makes a withdrawal request only in relation to some of the member’s interests in the scheme, subsection (19A) may still apply in relation to the member’s remaining interests.
(19C) If:
(a) other than because of subsection (19B), a member has a relevant interest in securities that form part of scheme property because subsection (19A) has stopped applying in relation to the scheme; and
(b) the member makes a withdrawal request in relation to the interests in the registered scheme;
then for the purposes of section 606, at the time of the withdrawal request:
(c) the member is taken to acquire a relevant interest in any securities that the member would receive if the responsible entity transferred securities to the member in accordance with the withdrawal request; and
(d) the member is taken to have acquired the relevant interest through a transaction entered into by the member in relation to those securities; and
(e) the member’s voting power is taken to have increased from what it would have been before the withdrawal request if the votes attached to those securities were disregarded to what it was after the withdrawal request (taking the votes attached to those securities into account).
(19D) If, in the previous 6 months:
(a) a member’s voting power has increased because subsection (19A) stopped applying in relation to securities; and
(b) the member has not been taken to acquire a relevant interest in the securities under subsection (19B) or (19C);
the increase in voting power is to be disregarded in determining the member’s, or any other person’s, voting power for the purposes of item 9 of the table in section 611.
(19E) In subsections (19A) to (19D) and in this subsection:
acquisition and withdrawal facility means, in relation to a registered scheme, a facility that the responsible entity has stated in the current PDS that it intends to offer on each trading day on which interests in the scheme are traded on the financial market operated by ASX which allows:
(a) a person who is an authorised participant to acquire an interest in the scheme by contributing to the scheme; and
(b) a member who is an authorised participant to request that the responsible entity satisfy a withdrawal request in relation to an interest in the scheme by transferring to the member;
consideration that predominantly comprises a parcel of securities, the composition of which in relation to an acquisition and a withdrawal is published by or on behalf of the responsible entity from time to time.
Note: The composition of the parcel of securities may be different for an acquisition and a withdrawal.
ASX means ASX Limited
authorised participant means, in relation to a registered scheme, a person who:
(a) has an agreement with the responsible entity of the scheme in relation to making applications to acquire and withdraw interests in the scheme; and
(c) is, or who has engaged to act on its behalf, a participant (within the meaning of section 761A) in relation to a financial market, to acquire and dispose of interests in the scheme.
Cboe means Cboe Australia Pty Ltd.
current PDS, in relation to a registered scheme, means the most recently lodged Product Disclosure Statement relating to interests in the scheme.
exchange traded fund (or ETF) means a registered scheme in relation to which all of the following are satisfied:
(a) interests in the scheme are in a class that are able to be traded on a financial market operated by ASX or Cboe but the scheme is not listed on either of those markets;
(b) the responsible entity has the power and approval to issue interests in that class on any day that those interests are able to be traded on the relevant financial market;
(c) the responsible entity allows applications for and redemptions of interests in that class on any day that those interests are able to be traded on the relevant financial market;
(d) the price or value of any financial product, index, currency, commodity or other thing that the scheme invests in or tracks is continuously disclosed or can be immediately ascertained;
(e) the name of the scheme does not contain the expression “managed fund” or “hedge fund”.
trading day, in relation to a financial market, means any day that financial products are able to be traded on the market.
ETFs—sub-funds
(20A) A member of a sub-fund of a CCIV who is an authorised participant in relation to the sub-fund does not have a relevant interest in securities that form part of the assets of the sub-fund merely because the sub-fund has an acquisition and withdrawal facility, provided that:
(a) the sub-fund is an exchange traded fund; and
(b) the current PDS contains a statement to the effect that the investment strategy for the sub-fund is to make investments that are expected to result in the value of a share in the sub-fund changing in proportion to the value of a published index of securities, ignoring the effect of fees and other costs (including taxes) in relation to the sub-fund; and
(c) the current PDS contains a statement to the effect that at the time the investment strategy for the sub-fund disclosed in the current PDS was first published in a Product Disclosure Statement for shares in the sub-fund, there were reasonable grounds to believe that implementation of the investment strategy would not be likely to lead to the assets of the sub-fund including securities in a class of securities that:
(i) would represent more than 10% by value of the assets of the sub-fund; and
(ii) were, or would result in the CCIV having a relevant interest in, securities in:
(A) a listed company; or
(B) an unlisted company, other than a CCIV, with more than 50 members; or
(C) a listed body that is formed or incorporated in Australia; or
(D) a listed scheme.
(20B) If subsection (20A) applies in relation to a member and the member makes a withdrawal request under the acquisition and withdrawal facility:
(a) subsection (20A) stops applying in relation to any securities that the member would receive if the CCIV transferred securities to the member in accordance with the withdrawal request; and
(b) the member is taken to acquire a relevant interest in those securities at that time through a transaction in relation to the securities entered into by the member.
(20C) If:
(a) other than because of subsection (20B), a member has a relevant interest in securities that form part of the assets of the sub-fund because subsection (20A) has stopped applying in relation to the sub-fund; and
(b) the member makes a withdrawal request in relation to the shares in the sub-fund;
then for the purposes of section 606, at the time of the withdrawal request:
(c) the member is taken to acquire a relevant interest in any securities that the member would receive if the CCIV transferred securities to the member in accordance with the withdrawal request; and
(d) the member is taken to have acquired the relevant interest through a transaction entered into by the member in relation to those securities; and
(e) the member’s voting power is taken to have increased from what it would have been before the withdrawal request if the votes attached to those securities were disregarded to what it was after the withdrawal request (taking the votes attached to those securities into account).
(20D) If, in the previous 6 months:
(a) a member’s voting power has increased because subsection (20A) stopped applying in relation to securities; and
(b) the member has not been taken to acquire a relevant interest in the securities under subsection (20B) or (20C);
the increase in voting power is to be disregarded in determining the member’s, or any other person’s, voting power for the purposes of item 9 of the table in section 611.
(20E) In subsections (20A) to (20D) and in this subsection:
acquisition and withdrawal facility means, in relation to a sub-fund of a CCIV, a facility that the CCIV has stated in the current PDS that it intends to offer on each trading day on which shares in the sub-fund are traded on the financial market operated by ASX which allows:
(a) a person who is an authorised participant to acquire a share in the sub-fund by contributing to the sub-fund; and
(b) a member who is an authorised participant to request that the CCIV satisfy a withdrawal request in relation to shares in the sub-fund by transferring to the member;
consideration that predominantly comprises a parcel of securities, the composition of which in relation to an acquisition and a withdrawal is published by or on behalf of the responsible entity from time to time.
Note: The composition of the parcel of securities may be different for an acquisition and a withdrawal.
ASX means ASX Limited.
authorised participant means, in relation to a sub-fund of a CCIV, a person who:
(a) has an agreement with the CCIV in relation to making applications to acquire and withdraw shares in the sub-fund; and
(b) is, or who has engaged to act on its behalf, a participant (within the meaning of section 761A) in relation to a financial market, to acquire and dispose of shares in the sub-fund.
Cboe means Cboe Australia Pty Ltd.
current PDS, in relation to a sub-fund, means the most recently lodged Product Disclosure Statement relating to shares in the sub-fund.
exchange traded fund (or ETF) means a sub-fund of a CCIV in relation to which all of the following are satisfied:
(a) shares in the sub-fund are in a class that are able to be traded on a financial market operated by ASX or Cboe, but the sub-fund is not listed on either of those markets;
(b) the CCIV has the power and approval to issue shares in that class on any day that those shares are able to be traded on the relevant financial market;
(c) the CCIV allows applications for and redemptions of shares in that class on any day that those shares are able to be traded on the relevant financial market;
(d) the price or value of any financial product, index, currency, commodity or other thing that the sub-fund invests in or tracks is continuously disclosed or can be immediately ascertained;
(e) the name of the sub-fund does not contain the expression “managed fund” or “hedge fund”.
trading day, in relation to a financial market, means any day that financial products are able to be traded on the market.”.
Note: Chapter 6 applies to a CCIV subject to the modifications set out in Part 8B.7: see section 1240.
Declaration—Substantial Interest and Beneficial Tracing
12. Chapter 6C of the Act applies to all persons as if provisions of that Chapter were modified or varied:
(a) by inserting after section 671A:
“671AA ETFs
For the purposes of this Chapter and the definition of substantial holding in section 9, subsections 609(19A) and 609(20A) apply as if paragraphs 609(19A)(c) and 609(20A)(c) were omitted.”; and
(b) by inserting after subsection 671B(7):
“ETFs—registered schemes
(7A) If a member of a registered scheme that has an acquisition and withdrawal facility does not have a relevant interest in securities that form part of scheme property because of subsection 609(19A) (as affected by section 671AA), then for the purposes of this section and the definition of substantial holding in section 9, the member is taken to have a relevant interest in the securities that would be transferred to the member if:
(a) the member made a withdrawal request under the acquisition and withdrawal facility for all their interests in the scheme, other than any interests in relation to which the member has a relevant interest in securities that form part of scheme property because of subsection 609(19B); and
Note: Subsection 609(19B) may give a member a relevant interest in securities that form part of scheme property if the member has made a withdrawal request in relation to some or all of their interests in the scheme.
(b) the numbers and classes of securities transferred to the member under the facility for each interest in the scheme were the same as the numbers and classes of securities most recently disclosed to the member by the responsible entity in relation to a withdrawal request for an interest under the facility.
(7B) In subsection (7A), acquisition and withdrawal facility has the same meaning as in subsection 609(19E).
ETFs—sub-funds
(7C) If a member of a sub-fund of a CCIV that has an acquisition and withdrawal facility does not have a relevant interest in securities that form part of the assets of the sub-fund because of subsection 609(20A) (as affected by section 671AA), then for the purposes of this section and the definition of substantial holding in section 9, the member is taken to have a relevant interest in the securities that would be transferred to the member if:
(a) the member made a withdrawal request under the acquisition and withdrawal facility for all their shares in the sub-fund, other than any shares in relation to which the member has a relevant interest in securities that form part of the assets of the sub-fund because of subsection 609(20B); and
Note: Subsection 609(20B) may give a member a relevant interest in securities that form part of the assets of the sub-fund if the member has made a withdrawal request in relation to some or all of their shares in the sub-fund.
(b) the numbers and classes of securities transferred to the member under the facility for each share in the sub-fund were the same as the numbers and classes of securities most recently disclosed to the member by the CCIV in relation to a withdrawal request for a share under the facility.
(7D) In subsection (7C), acquisition and withdrawal facility has the same meaning as in subsection 609(20E).”; and
(c) by inserting after subsection 672B(1):
“(1AA) If a member of a registered scheme does not have a relevant interest in securities that form part of scheme property because of subsection 609(19A) (as affected by section 671AA), then for the purposes of this section and section 672DA, the member is taken to have a relevant interest in securities that the member has a relevant interest in for the purposes of section 671B because of subsection 671B(7A).
(1AB) If a member of a sub-fund of a CCIV does not have a relevant interest in securities that form part of the assets of the sub-fund because of subsection 609(20A) (as affected by section 671AA), then for the purposes of this section and section 672DA, the member is taken to have a relevant interest in securities that the member has a relevant interest in for the purposes of section 671B because of subsection 671B(7A).”.
Interpretation
13. In this instrument:
ASX means ASX Limited.
authorised participant means, in relation to an exchange traded fund, a person who:
(a) has an agreement with the responsible entity of that fund or CCIV (in respect of the sub-fund) in relation to making applications to acquire and withdraw interests or shares in the fund; and
(b) is, or has engaged to act on its behalf, a participant (within the meaning of section 761A of the Act) in relation to a financial market, to acquire and dispose of interests in the registered scheme or shares in the sub-fund.
Cboe means Cboe Australia Pty Ltd.
constitution, in relation to a sub-fund of a CCIV (including a sub-fund that is an ETF), means the constitution of the CCIV.
corporate director, in relation to a sub-fund of a CCIV (including a sub-fund that is an ETF), means the corporate director of the CCIV.
exchange traded fund (or ETF) means a registered scheme or a sub-fund of a CCIV in relation to which all of the following are satisfied:
(a) interests in the scheme or shares in the sub-fund are in a class that are able to be traded on a financial market operated by ASX or Cboe, but the scheme or sub-fund is not listed on either of those markets;
(b) the responsible entity or CCIV has the power and approval to issue interests or shares in that class on any day that those interests or shares are able to be traded on the relevant financial market;
(c) the responsible entity or CCIV allows applications for and redemptions of interests or shares in that class on any day that those interests or shares are able to be traded on the relevant financial market;
(d) the price or value of any financial product, index, currency, commodity or other thing that the scheme or sub-fund invests in or tracks is continuously disclosed or can be immediately ascertained;
(e) the name of the scheme or sub-fund does not contain the expression “managed fund” or “hedge fund”.
indicative net asset value per interest means:
(a) for an exchange traded fund, the total assets of the exchange traded fund less the total liabilities of the exchange traded fund (disregarding any liability to a member of the exchange traded fund as a member), divided by the number of interests in the exchange traded fund; and
(b) for a class of interests in an exchange traded fund, the total assets attributable to that class of interests less the total liabilities attributable to that class of interests (disregarding any liability to a member of the exchange traded fund as a member), divided by the number of interests in that class.
indicative net asset value per share means:
(a) for an exchange traded fund, the total assets of the exchange traded fund less the total liabilities of the exchange traded fund (disregarding any liability to a member of the exchange traded fund as a member), divided by the number of shares in the exchange traded fund; and
(b) for a class of shares in an exchange traded fund, the total assets attributable to that class of shares less the total liabilities attributable to that class of shares (disregarding any liability to a member of the exchange traded fund as a member), divided by the number of shares in that class.
managed fund means a registered scheme or sub-fund of a CCIV:
(a) that satisfies paragraphs (a) to (d) of the definition of exchange traded fund; and
(b) whose name contains the expression “managed fund” or “hedge fund”.
minimum parcel means the smallest number or value of interests or shares in an exchange traded fund that are generally permitted to be withdrawn from the exchange traded fund by an authorised participant while interests or shares in the exchange traded fund are quoted.
trading day, in relation to a financial market, means any day that financial products are able to be traded on the market.
withdrawal fee per interest means, in relation an exchange traded fund, the fee that is payable in relation to a withdrawal from the fund divided by the number of interests in the fund to which the withdrawal relates.
withdrawal fee per share means, in relation an exchange traded fund, the fee that is payable in relation to a withdrawal from the fund divided by the number of shares in the fund to which the withdrawal relates.
Notes to ASIC Class Order [CO 13/721]
Note 1
ASIC Class Order [CO 13/721] (in force under s601QA(1), 655A(1), 673(1), 1020F(1) and 1243(2) of the Corporations Act 2001) as shown in this compilation comprises that Class Order amended as indicated in the tables below.
Table of Instruments
| Instrument number | Date of registration | Date of commencement | Application, saving or transitional provisions |
| [CO 13/721] | 15/10/2013 (see F2013L01795) | 15/10/2013 | |
| 2018/3 | 30/5/2018 (see F2018L00671) | 31/5/2018 | - |
| 2019/784 | 17/9/2019 (see F2019L01206) | 18/9/2019 | - |
| 2021/299 | 21/6/2021 (see F2021L00795) | 22/6/2021 | - |
| 2022/0940 | 14/11/2022 (see F2022L01459) | 15/11/2022 | - |
Table of Amendments
ad. = added or inserted am. = amended LA = Legislation Act 2003 rep. = repealed rs. = repealed and substituted
| Provision affected | How affected |
| Section 1 ….………… | am. 2022/0940 |
| Section 3..................... | rep. s48D LA |
| Section 4 ……………. | am. 2018/3 |
| Section 4 (heading)..... | am. 2018/3 rs. 2022/0940 |
| Paragraph 5(a) ............ | am. 2018/3 and 2022/0940 |
| Paragraph 5(b) ........... | am. 2018/3 and 2022/0940 |
| Paragraph 5(c) ……… | rep. 2022/0940 |
| Section 5A ………….. | ad. 2022/0940 |
| Section 5B ………….. | ad. 2022/0940 |
| Section 6 | am. 2018/3 |
| Section 6 (heading)..... | rs. 2022/0940 |
| Paragraph 6(b) ........... | am. 2018/3 |
| Section 7 ……………. | rs. 2022/0940 |
| Paragraph 7(a) ............ | am. 2018/3 |
| Paragraph 8(a) ............ | am. 2018/3 |
| Paragraph 8(b) ........... | am. 2018/3 |
| Section 8A ………….. | ad. 2022/0940 |
| Section 8B ………….. | ad. 2022/0940 |
| Section 8C ………….. | ad. 2022/0940 |
| Section 9..................... | rs. 2018/3 am. 2019/784 and 2020/0940 |
| Section 9 (heading)..... | rs. 2022/0940 |
| Section 10................... | am. 2018/3 |
| Paragraph 10(b) ......... | am. 2018/3 |
| Section 10A ………… | ad. 2022/0940 |
| Section 10B ………… | ad. 2022/0940 |
| Section 11................... | am. 2018/3; 2021/299 and 2022/0940 |
| Section 11 (heading in notional subsection 609(19A) of the Act) .. | rs. 2022/0940 |
| Section 11 (definition of trading day in notional subsection 609(19E) of the Act) .. | am. 2022/0940 |
| Section 11 (note) …… | ad. 2022/0940 |
| Paragraph 12(a) (notional section 671AA of the Act) ..... | am. 2018/3 and 2022/0940 |
| Paragraph 12(b).......... | am. 2018/3 and 2022/0940 |
| Paragraph 12(b) (heading in notional subsection 671B(7A) of the Act) …...……… | rs. 2022/0940 |
| Paragraph 12(c) …….. | am. 2022/0940 |
| Section 13................... | am. 2018/3; 2021/299 and 2022/0940 |