Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 3 - Status of directions and notices  

REGULATION 10.2.09   NOTICE TO SECURITIES EXCHANGE OF NEED TO PROHIBIT TRADING  

10.2.09(1)   [ Application]  

This regulation applies if ASIC gave a notice to a securities exchange under subsection 775(1) of the old Corporations Act before the FSR commencement, stating the Commission's opinion that it is necessary to prohibit trading in particular securities.

10.2.09(2)   [ Deemed written advice to market licensee]  

On and after the FSR commencement, the notice is taken to be written advice given to a market licensee under subsection 794D(1) of the Act.

10.2.09(3)   [ ASIC's obligation to give statement of reasons]  

ASIC is taken to have complied with its obligation under subsection 794D(1) of the Act to give a statement setting out reasons for making the direction.