ASIC Class Order [CO 08/764]

Short selling – exercise of exchange traded options

This instrument has effect under s1020F(1)(a) of the Corporations Act 2001.

This compilation was prepared on 18 December 2009 taking into account amendments up to [CO 09/1063]. See the table at the end of this class order.

Prepared by the Australian Securities and Investments Commission.

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 1020F(1)(a) — Exemption

Enabling legislation

1. The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(a) of the Corporations Act 2001 (the Act).

Title

2. This instrument is ASIC Class Order [CO 08/764].

Commencement

3. The provisions of this instrument commence as follows:

(a) paragraphs 1 to 4 commence on the date the instrument is registered under the Legislative Instruments Act 2003;

(b) paragraphs 5 to 7 commence on the day after the instrument is registered.

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/.

Exemption

4. A person does not have to comply with subsection 1020B(2) of the Act in relation to the sale of a security or managed investment product where the transaction effecting the sale of the security or product is the result of the exercise of an option (ETO) registered with Australian Clearing House Pty Limited.

Notes to ASIC Class Order [CO 08/764]

Note 1

ASIC Class Order [CO 08/764] (in force under s1020F(1)(a) of the Corporations Act 2001) as shown in this compilation comprises that Class Order amended as indicated in the tables below.

Table of Instruments

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted