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 4A
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General
REGULATION 7.9.15DB
REQUIREMENT TO KEEP RECORD OF PRODUCT DISCLOSURE STATEMENT AND OTHER DOCUMENTS
7.9.15DB(1)
If section 1015B of the Act does not require a copy of a Product Disclosure Statement to be lodged with ASIC, the Statement and a document, or part of a document, mentioned in the Statement must be retained by the responsible person for that Statement for 7 years after the date of the Statement.
7.9.15DB(2)
This regulation does not apply if the Product Disclosure Statement is for: (a) a standard margin lending facility; or (b) a superannuation product to which Subdivision 4.2B of Division 4 of this Part applies; or (c) a simple managed investment scheme to which Subdivision 4.2C of Division 4 of this Part applies; or (d) a simple sub-fund product to which Subdivision 4.2D of Division 4 of this Part applies.
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.]
If section 1015B of the Act does not require a copy of a Product Disclosure Statement to be lodged with ASIC, the Statement and a document, or part of a document, mentioned in the Statement must be retained by the responsible person for that Statement for 7 years after the date of the Statement.
7.9.15DB(2)
This regulation does not apply if the Product Disclosure Statement is for: (a) a standard margin lending facility; or (b) a superannuation product to which Subdivision 4.2B of Division 4 of this Part applies; or (c) a simple managed investment scheme to which Subdivision 4.2C of Division 4 of this Part applies; or (d) a simple sub-fund product to which Subdivision 4.2D of Division 4 of this Part applies.
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