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CORPORATIONS ACT 2001 - SECT 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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