Australian Securities and Investments Commission Amendment Regulations 2010 (No. 5) (Cth)

Australian Securities and Investments Commission Amendment Regulations 2010 (No. 5)¹

Select Legislative Instrument 2010 No. 331

I, QUENTIN BRYCE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Australian Securities and Investments Commission Act 2001.

Dated 8 December 2010

QUENTIN BRYCE

Governor-General

By Her Excellency’s Command

DAVID BRADBURY

Parliamentary Secretary to the Treasurer

Name of Regulations

These Regulations are the Australian Securities and Investments Commission Amendment Regulations 2010 (No. 5).

Commencement

These Regulations commence on the commencement of Schedule 1 to the Corporations Amendment (No. 1) Act 2010.

Amendment of Australian Securities and Investments Commission Regulations 2001

Schedule 1 amends the Australian Securities and Investments Commission Regulations 2001.

Schedule 1 Amendment

(regulation 3)

[1] Regulation 2C

substitute

2CMeaning of financial service — off-market offers for financial products

For paragraph 12BAB (1) (h) of the Act, a person provides a financial service if:

(a)the person makes an unsolicited offer to purchase a financial product from another person otherwise than through a licensed financial market; and

(b)the other person acquired the financial product as a retail client.

Note

All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See