(1) This regulation applies if:
(a) a securities exchange was required, before the FSR commencement, to give ASIC a special report under subsection 769D(1) of the old Corporations Act; and
(b) ASIC had not complied with its obligations to the Minister under section 769D of the old Corporations Act before the FSR commencement; and
(c) the period for compliance had not expired before the FSR commencement.
(2) On and after the FSR commencement, ASIC's obligations to the Minister are taken to be obligations under subsection 794B(1) of the Act.