Commonwealth legislation

ASIC Class Rule Waiver [CW 17/0586]

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This class waiver lets Market Participants on the APX/Sydney Stock Exchange bypass certain ASIC Market Integrity Rules that impose obligations on Responsible Executives — the senior managers normally held personally accountable for integrity and conduct. It affects licensed traders and brokers and matters because it reduces administrative compliance burdens and costs while firms remain subject to other market rules and oversight.

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Current sections

Direct links to the current provisions in ASIC Class Rule Waiver [CW 17/0586].

ASIC Class Rule Waiver [CW 17/0586]

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2 title: ASIC Class Waiver 17-0586 - APX Rules 2.3.3, 2.3.4 and 2.3.5

Commonwealth Coat of Arms and ASIC logo

ASIC Class Rule Waiver [CW 17/0586]

I, Kathleen Cuneo, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 7 July 2017

Kathleen Cuneo

Contents

Part 1—Preliminary

1 Name of legislative instrument

5 Waiver from requirements relating to Responsible Executives.

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Class Rule Waiver [17-0586].

2 Commencement

This instrument commences on the day it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subrule 1.2.1(1) of the ASIC Market Integrity Rules (APX Market) 2013.

4 Definitions

In this instrument, unless the contrary intention appears, capitalised terms have the meaning given by the ASIC Market Integrity Rules (APX Market) 2013.

Part 2—Waiver

5 Waiver from requirements relating to Responsible Executives.

(1) ASIC relieves a Market Participant from the obligation to comply with:

(a) subrule 2.3.3(1) of the Rules;

(b) Rule 2.3.4 of the Rules; and

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2 title: ASIC Class Waiver 17-0586 - APX Rules 2.3.3, 2.3.4 and 2.3.5

ASIC Class Rule Waiver [CW 17/0586]

I, Kathleen Cuneo, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 7 July 2017

Kathleen Cuneo

Contents

Part 1—Preliminary

1 Name of legislative instrument

5 Waiver from requirements relating to Responsible Executives.

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Class Rule Waiver [17-0586].

2 Commencement

This instrument commences on the day it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subrule 1.2.1(1) of the ASIC Market Integrity Rules (APX Market) 2013.

4 Definitions

In this instrument, unless the contrary intention appears, capitalised terms have the meaning given by the ASIC Market Integrity Rules (APX Market) 2013.

Part 2—Waiver