Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5B - REGULATION OF FINANCIAL BENCHMARKS  

Division 3 - Financial benchmark rules and compelled financial benchmark rules  

Subdivision D - Matters relating to the making of each set of rules  

SECTION 908CK   908CK   MATTERS TO WHICH ASIC HAS REGARD WHEN MAKING RULES  


In considering whether to make a rule under this Division, ASIC:


(a) must have regard to:


(i) the final report titled " Principles for Financial Benchmarks " , dated July 2013 and published by the Board of the International Organization of Securities Commissions, as amended from time to time; and

(ii) the likely effect of the proposed rule on the Australian economy, and on the efficiency, integrity and stability of the Australian financial system; and

(iii) the likely regulatory impact of the proposed rule; and


(b) may have regard to any other matters that ASIC considers relevant.

Note 1: The Principles for Financial Benchmarks could in 2018 be viewed on the International Organization of Securities Commissions website (https://www.iosco.org/).

Note 2: Matters that ASIC may have regard to under paragraph (b) could, for example, include foreign laws relating to financial benchmarks, and any matters raised in consultations under section 908CL .


 

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