ASIC Class Order [CO 12/1266]

Link to law: https://www.comlaw.gov.au/Details/F2012L01918

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 911A(2)(l) — Variation
 
Enabling legislation
 
1.       The Australian Securities and Investments Commission makes this instrument under paragraph 911A(2)(l) of the Corporations Act 2001.
Title
2.       This instrument is ASIC Class Order [CO 12/1266].
 
Commencement
 
3.       This instrument commences on the later of:
 
(a)      the date it is registered under the Legislative Instruments Act 2003; and
 
(b)     the date of its gazettal.
                       
Note:    An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, section 4 (definition of register).  The FRLI may be accessed at http://www.frli.gov.au/.
 
Variations
 
ASIC Class Order [CO 03/1099]
 
4.       ASIC Class Order [CO 03/1099] is varied by, in Schedule C, omitting sub-subparagraph 2(a)(iv) and substituting:
 
“(iv)  each action or investigation of the following kinds taken by the FSA or other overseas regulatory authority against the body in a foreign jurisdiction in relation to financial services provided in the foreign jurisdiction:
 
(A)    significant enforcement action;
 
(B)    significant disciplinary action;
 
(C)    significant investigation (unless, after having taken reasonable steps to enable notification to be given to ASIC, the body is prohibited by law from giving such notification but only to the extent of the prohibition); and”;
 
ASIC Class Order [CO 03/1100]
 
5.       ASIC Class Order [CO 03/1100] is varied by, in Schedule C, omitting sub-subparagraph 2(a)(iv) and substituting:
 
 “(iv) each action or investigation of the following kinds taken by the SEC or other overseas regulatory authority against the body in a foreign jurisdiction in relation to financial services provided in the foreign jurisdiction:
 
(A)    significant enforcement action;
 
(B)    significant disciplinary action;
 
(C)    significant investigation (unless, after having taken reasonable steps to enable notification to be given to ASIC, the body is prohibited by law from giving such notification but only to the extent of the prohibition); and”;
 
ASIC Class Order [CO 03/1101]
 
6.       ASIC Class Order [CO 03/1101] is varied by, in Schedule C, omitting sub-subparagraph 2(a)(ii) and substituting:
 
“(ii)   each action or investigation of the following kinds taken by the Federal Reserve, the OCC or other overseas regulatory authority against the body in a foreign jurisdiction in relation to financial services provided in the foreign jurisdiction:
 
(A)    significant enforcement action;
 
(B)    significant disciplinary action;
 
(C)    significant investigation (unless, after having taken reasonable steps to enable notification to be given to ASIC, the body is prohibited by law from giving such notification but only to the extent of the prohibition); and”;
 
ASIC Class Order [CO 03/1102]
 
7.       ASIC Class Order [CO 03/1102] is varied by, in Schedule C, omitting sub-subparagraph 2(a)(iv) and substituting:
 
“(iv)  each action or investigation of the following kinds taken by MAS or other overseas regulatory authority against the body in a foreign jurisdiction in relation to financial services provided in the foreign jurisdiction:
 
(A)    significant enforcement action;
 
(B)    significant disciplinary action;
 
(C)    significant investigation (unless, after having taken reasonable steps to enable notification to be given to ASIC, the body is prohibited by law from giving such notification but only to the extent of the prohibition); and”;
 
ASIC Class Order [CO 03/1103]
 
8.       ASIC Class Order [CO 03/1103] is varied by, in Schedule C, omitting sub-subparagraph 2(a)(iv) and substituting:
 
“(iv)  each action or investigation of the following kinds taken by the SFC or other overseas regulatory authority against the body in a foreign jurisdiction in relation to financial services provided in the foreign jurisdiction:
 
(A)    significant enforcement action;
 
(B)    significant disciplinary action;
 
(C)    significant investigation (unless, after having taken reasonable steps to enable notification to be given to ASIC, the body is prohibited by law from giving such notification but only to the extent of the prohibition); and”;
 
ASIC Class Order [CO 04/829]
 
9.       ASIC Class Order [CO 04/829] is varied by, in Schedule C, omitting sub-subparagraph 2(a)(iv) and substituting:
 
“(iv)  each action or investigation of the following kinds taken by the CFTC or other overseas regulatory authority against the body in a foreign jurisdiction in relation to financial services provided in the foreign jurisdiction:
 
(A)    significant enforcement action;
 
(B)    significant disciplinary action;
 
(C)    significant investigation (unless, after having taken reasonable steps to enable notification to be given to ASIC, the body is prohibited by law from giving such notification but only to the extent of the prohibition); and”;
 
ASIC Class Order [CO 04/1313]
 
10.     ASIC Class Order [CO 04/1313] is varied by, in Schedule C, omitting sub-subparagraph 2(a)(iv) and substituting:
 
“(iv)  each action or investigation of the following kinds taken by BaFin or other overseas regulatory authority against the body in a foreign jurisdiction in relation to financial services provided in the foreign jurisdiction:
 
(A)    significant enforcement action;
 
(B)    significant disciplinary action;
 
(C)    significant investigation (unless, after having taken reasonable steps to enable notification to be given to ASIC, the body is prohibited by law from giving such notification but only to the extent of the prohibition); and”.
 
 
 
Dated this 20th day of September 2012
 
 
 
Signed by Grant Moodie
as a delegate of the Australian Securities and Investments Commission
 
 
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