Australian Securities and Investments Commission Class Order [CO 10/464] (Cth)

Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 1020F(1)(c) — Variation

Enabling legislation

1. The Australian Securities and Investments Commission makes this instrument under paragraph 1020F(1)(c) of the Corporations Act2001.

Title

2.       This instrument is ASIC Class Order [CO 10/464].

Commencement

3.       This instrument commences on the later of:

(a)     21 June 2010; and

(b)     the day the instrument is registered under the Legislative Instruments Act 2003.

Note:    An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, s 4 (definition of register).  The FRLI may be accessed at ASIC Class Order [CO 10/29] is varied by, after subparagraph 4(a), inserting:

“(aa)  omit paragraph 7.9.99(3)(b), substitute:

“(aa)  the person holds the product on behalf of another person except where that other person has the sole discretion to decide whether the product will be sold; or

(b)     another person is holding the product on the person’s behalf but only where the person has the sole discretion to decide whether the product will be sold; or”;

(ab)   omit paragraph 7.9.99(4)(b), substitute:

“(b)    has a contingent or non-contingent obligation to vest title in a lender under a securities lending arrangement; or”. ”

Dated this 17^th day of June 2010

Signed by Andrew Fawcett

as a delegate of the Australian Securities and Investments Commission