Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 1020F(1)(c) — Variation
 
Enabling legislation
1.       The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(c) of the Corporations Act 2001.
 
Title
 
2.       This instrument is ASIC Class Order [CO 10/464].
 
Commencement
 
3.       This instrument commences on the later of:
 
(a)     21 June 2010; and
 
(b)     the day the instrument is registered under the Legislative Instruments Act 2003.
 
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, s 4 (definition of register).  The FRLI may be accessed at http://www.frli.gov.au/.
 
Variation
 
4.       ASIC Class Order [CO 10/29] is varied by, after subparagraph 4(a), inserting:
 
“(aa)  omit paragraph 7.9.99(3)(b), substitute:
 
“(aa)  the person holds the product on behalf of another person except where that other person has the sole discretion to decide whether the product will be sold; or
 
(b)     another person is holding the product on the person’s behalf but only where the person has the sole discretion to decide whether the product will be sold; or”;
 
(ab)   omit paragraph 7.9.99(4)(b), substitute:
 
“(b)    has a contingent or non-contingent obligation to vest title in a lender under a securities lending arrangement; or”. ”
 
 
 
Dated this 17th day of June 2010
 
 
 
 
Signed by Andrew Fawcett
as a delegate of the Australian Securities and Investments Commission