Corporations Regulations 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.9
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FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE AND SALE OF FINANCIAL PRODUCTS
Division 15
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Disclosure in relation to short sales covered by securities lending arrangement of listed section 1020B products
REGULATION 7.9.101
LICENSEE DISCLOSURE
7.9.101(1)
For paragraph 1020AC(2)(a) of the Act, the particulars that a financial services licensee must give in relation to information given to the licensee under section 1020AB of the Act in relation to a sale of a listed section 1020B product is the information specified in paragraphs 7.9.100(1)(a) , (b) and (c) .
7.9.101(2)
For paragraph 1020AC(2)(b) of the Act:
(a) the time for disclosure of the information is on or before 9 am:
(b) the manner for disclosure of the information is by electronic transmission to the operator.
7.9.101(3)
A reference to trading day in subregulation (2) is to a trading day of the market where the information is given.
7.9.101(4)
For paragraph 1020AC(3)(b) of the Act, and in relation to the particulars mentioned in paragraph 1020AC(3)(a) of the Act, if the operator of the licensed market mentioned in paragraph 1020AC(1)(a) of the Act ( operator 1 ) appoints the operator of another licensed market ( operator 2 ), in writing, as operator 1 ' s agent for the purpose of receiving any of those, operator 2 is the entity for those particulars.
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For paragraph 1020AC(2)(a) of the Act, the particulars that a financial services licensee must give in relation to information given to the licensee under section 1020AB of the Act in relation to a sale of a listed section 1020B product is the information specified in paragraphs 7.9.100(1)(a) , (b) and (c) .
7.9.101(2)
For paragraph 1020AC(2)(b) of the Act:
(a) the time for disclosure of the information is on or before 9 am:
(i) if the information is given to the licensee after the start of the trading day but before 7 pm - on the next trading day after the licensee is given the information under section 1020AB of the Act; and
(ii) if the information is given to the licensee after 7 pm but before the start of the next trading day - on the second trading day after the licensee is given the information under section 1020AB of the Act; and
(b) the manner for disclosure of the information is by electronic transmission to the operator.
7.9.101(3)
A reference to trading day in subregulation (2) is to a trading day of the market where the information is given.
7.9.101(4)
For paragraph 1020AC(3)(b) of the Act, and in relation to the particulars mentioned in paragraph 1020AC(3)(a) of the Act, if the operator of the licensed market mentioned in paragraph 1020AC(1)(a) of the Act ( operator 1 ) appoints the operator of another licensed market ( operator 2 ), in writing, as operator 1 ' s agent for the purpose of receiving any of those, operator 2 is the entity for those particulars.
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