1ASIC Corporations (Financial Services Guides) Instrument 2022/910

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ASIC Corporations (Financial Services Guides) Instrument 2022/910

I, Rhys Bollen, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date 24 November 2022

 

 

Rhys Bollen

 

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

5 Financial Services Guide

Part 3—Repeal

6 Repeal

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Financial Services Guides) Instrument 2022/910.

2 Commencement

This instrument commences on the day after 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 section 951B of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

Part 2—Exemption

5 Financial Services Guide

(1) An authorised representative of a financial services licensee (the licensee) does not have to comply with subsection 941B(1) of the Act to the extent it requires the authorised representative to give a Financial Services Guide to a person as a retail client (the client) for the authorised representative providing a financial service on behalf of the licensee.

Where exemption applies

(2) The exemption in subsection (1) applies where all of the following are satisfied:

(a) the authorised representative is authorised by the licensee to provide both of the following financial services on behalf of the licensee:

(i) deal in a financial product;

(ii) provide a claims handling and settling service;