Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.15.04

Notifications, consents, waivers, etc

             (1)  This regulation applies if:

                     (a)  an operator of a licensed market gave a written waiver, consent, recognition, accreditation, approval, determination, exemption or notification to a participant in the licensed market under the operating rules of the licensed market; and

                     (b)  the power or obligation in the operating rules to give the waiver, consent, recognition, accreditation, approval, determination, exemption or notification is incorporated into the market integrity rules.

             (2)  The waiver, consent, recognition, accreditation, approval, determination, exemption or notification:

                     (a)  is taken to have been given by ASIC under the market integrity rules; and

                     (b)  will continue in its existing form, and continue to have the same effect, (as given under the operating rules) unless ASIC determines that it should be amended or revoked.

             (3)  ASIC may:

                     (a)  determine that a waiver, consent, recognition, accreditation, approval, determination, exemption or notification is no longer appropriate; and

                     (b)  determine, in writing, that the waiver, consent, recognition, accreditation, approval, determination, exemption or notification is amended or revoked as provided in the determination.

             (4)  If ASIC proposes to make a determination under subregulation (3), ASIC must give reasonable notice to the participant before making the determination.



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