1ASIC Corporations (Margin Lending Relief for Exchange-Traded Instalment Warrants) Instrument 2021/194

---

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 title: ASIC Margin Relief for Exchange Traded Instalment Warrants Declaration Instrument 2021194

Commonwealth Coat of Arms and ASIC logo

ASIC Corporations (Margin Lending Relief for Exchange-Traded Instalment Warrants) Instrument 2021/194

I, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

 

Date 24 March 2021

 

 

 

Anthony Graham

 

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

4 Definitions

Part 2—Declaration

5 Terms of the Declaration

Part 3—Repeal

6 Repeal

 

 

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Margin Lending Relief for Exchange-Traded Instalment Warrants) Instrument 2021/194.

2 Commencement

This instrument commences on the later of:

(a) the day after it is registered on the Federal Register of Legislation; and

(b)  1 April 2021.

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

3 Authority

This instrument is made under subsection 761EA(9) of the Corporations Act 2001 (the Act).

4 Definitions

In this instrument:

Australian domestic market licensee means a person who is a market licensee because of subsection 795B(1) or 1413(2) of the Act.

instalment warrant means a financial product that is a security or an interest in a managed investment product under the terms of which:

(a) credit is provided by the issuer to the person (the client) acquiring the financial product; and

(b) the credit is applied to acquire one or more marketable securities (the underlying asset), which may include applying the credit to pay for expenses incurred in connection with providing the credit or acquiring the underlying asset; and