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CORPORATIONS REGULATIONS 2001 - REG 7.11.03

Arrangements about Division 4 financial products

  (1)   A financial product is a Division   4 financial product if the financial product is:

  (a)   a Division   3 security other than a security mentioned in paragraph   1073A(1)(e) of the Act; or

  (b)   declared by ASIC, under section   1075A of the Act, to be a financial product the transfer of which will be effected through ASTC under these Regulations.

  (2)   Subregulations (3) to (8) apply in relation to a class of Division   4 financial products that is admitted to quotation.

  (3)   A Division   4 financial product in the class of Division   4 financial products is not taken to have stopped being quoted merely because of a temporary suspension of quotation of the class.

  (4)   If:

  (a)   there is a suspension of the quotation of a Division   4 financial product in the class; and

  (b)   during the suspension, the issuer in relation to the Division   4 financial product ceases to be included in the official list of the market licensee on which the Division   4 financial product is traded;

the Division   4 financial product is taken to stop being quoted when the issuer ceases to be included in the official list.

  (5)   Subregulation (4) does not limit the circumstances in which a Division   4 financial product in the class may be taken to have stopped being quoted on a financial market of a market licensee.

  (6)   For the provisions mentioned in subregulation   (8), if:

  (a)   a Division   4 financial product stops being quoted on a financial market of a market licensee; and

  (b)   the ASTC operating rules provide that the Division   4 financial product is to be taken to continue to be quoted for a specified period;

the Division   4 financial product is taken to be quoted during the period.

  (7)   For the provisions mentioned in subregulation   (8), if:

  (a)   a Division   4 financial product has been issued; and

  (b)   the Division   4 financial product:

  (i)   is approved, by a market licensee, to be admitted to quotation on a financial market of the market licensee; and

  (ii)   has not yet been quoted; and

  (c)   the ASTC operating rules provide that the Division   4 financial product is taken to be quoted for a specified period;

the Division   4 financial product is taken to be quoted during the period.

  (8)   The provisions are:

  (a)   the definitions of:

  (i)   ASTC certificate cancellation provisions; and

  (ii)   ASTC - regulated transfer; and

  (iii)   ASTC subregister; and

  (iv)   proper ASTC transfer; and

  (b)   section   653A of the Act; and

  (c)   Part   7.11 of the Act; and

  (d)   regulations made for the purposes of Part   7.11 of the Act.


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