Commonwealth legislation

ASIC Corporations (Product Intervention Order Extension—Binary Options) Instrument 2022/779

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This instrument, made by an ASIC delegate under subsection 1023H(1) of the Corporations Act (s3), keeps the existing product-intervention order on binary options (ASIC Corporations (Product Intervention Order—Binary Options) Instrument 2021/240) in force until it is revoked (s4). It affects providers, platforms and consumers by maintaining prior restrictions and compliance obligations; costs fall on firms that must continue to comply, while ASIC retains the discretion to revoke the earlier order.

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ASIC Corporations (Product Intervention Order Extension—Binary Options) Instrument 2022/779

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ASIC Corporations (Product Intervention Order Extension—Binary Options) Instrument 2022/779

I, Jane Eccleston, delegate of the Australian Securities and Investments Commission, acting in accordance with the written approval of the Minister under subsection 1023H(4) of the Corporations Act 2001, make the following legislative instrument.

Date 2 September 2022

Jane Eccleston

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

Part 2—Declaration

4 Terms of declaration

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Product Intervention Order Extension—Binary Options) Instrument 2022/779.

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 subsection 1023H(1) of the Corporations Act 2001.

Part 2—Declaration

4 Terms of declaration

ASIC Corporations (Product Intervention Order—Binary Options) Instrument 2021/240 remains in force until it is revoked.

Source text

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

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ASIC Corporations (Product Intervention Order Extension—Binary Options) Instrument 2022/779

Date 2 September 2022

Jane Eccleston

Contents

Part 1—Preliminary

1 Name of legislative instrument

2 Commencement

3 Authority

Part 2—Declaration

4 Terms of declaration

Part 1—Preliminary

1 Name of legislative instrument

This is the ASIC Corporations (Product Intervention Order Extension—Binary Options) Instrument 2022/779.

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 subsection 1023H(1) of the Corporations Act 2001.

Part 2—Declaration

4 Terms of declaration

ASIC Corporations (Product Intervention Order—Binary Options) Instrument 2021/240 remains in force until it is revoked.