Commonwealth legislation

ASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259

In ForceCTH

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

This instrument keeps ASIC’s earlier product intervention order on Contracts for Difference (ASIC Instrument 2020/986) in force until 23 May 2027. It does not add new substantive rules; it prolongs the compliance, enforcement and market effects already imposed by the 2020 order, so firms and clients currently covered continue to face the same obligations and restrictions unless the order is revoked earlier.

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Current sections

Direct links to the current provisions in ASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259.

ASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259

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ASIC Corporations (Product Intervention Order Extension—Contracts for Difference) Instrument 2022/259

I, Suneeta Sidhu, 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 5 April 2022

Suneeta Sidhu

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—Contracts for Difference) Instrument 2022/259.

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—Contracts for Difference) Instrument 2020/986 remains in force for the period ending at the end of 23 May 2027, unless it is revoked earlier.

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—Contracts for Difference) Instrument 2022/259

Date 5 April 2022

Suneeta Sidhu

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—Contracts for Difference) Instrument 2022/259.

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—Contracts for Difference) Instrument 2020/986 remains in force for the period ending at the end of 23 May 2027, unless it is revoked earlier.