Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation applies if ASIC gave a notice to a securities exchange under subsection 775(2) of the old Corporations Act before the FSR commencement, prohibiting trading in particular securities.
(2) On and after the FSR commencement, the notice is taken to be a direction to a market licensee under subsection 794D(2) of the Act.
(3) ASIC is taken to have complied with its obligation under subsection 794D(2) of the Act to give a statement setting out reasons for making the direction.