Financial Services Reform Act 2001 (122 of 2001)

Schedule 1   Financial Services and Markets

Part 2   Consequential amendments

Australian Securities and Investments Commission Act 2001

78   At the end of section 73

Add:

; (h) an order requiring a specified person to dispose of specified derivatives, or to dispose of specified derivatives in a specified manner.

(2) An order under subsection (1) does not prejudice or affect a right of an operator of a financial market or clearing and settlement facility:

(a) to cause or enter into a transaction that causes a derivative to be closed out; or

(b) to cause to be registered in a person’s name, or to register in a person’s name, a derivative that was previously registered in another person’s name.