Commonwealth Consolidated Acts

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Matters to which ASIC must have regard when making rules

    In considering whether to make a derivative transaction rule, ASIC:

  (a)   must have regard to:

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

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

  (iii)   if the transactions to which the proposed rule would relate would be or include transactions relating to commodity derivatives--the likely impact of the proposed rule on any Australian market or markets on which the commodities concerned may be traded; and

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

Note:   Matters that ASIC may have regard to under paragraph   (b) may, for example, include:

(a)   any relevant international standards and international commitments; and

(b)   matters raised in consultations (if any) under section   901J.

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