Commonwealth Consolidated Regulations

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Obligation to inform ASIC of certain matters: becoming director, secretary or executive officer of market licensee

             (1)  This regulation applies if a person becomes a director, secretary or executive officer of a market licensee or of a holding company of a market licensee (including when the person changes from one of those positions to another).

             (2)  For subsection 792B(5) of the Act, the information to be given to ASIC by the market licensee is:

                     (a)  the person's name and contact details; and

                     (b)  the date of appointment to the position; and

                     (c)  the person's educational qualifications and financial market experience; and

                     (d)  if the market licensee is aware of any details of a conviction of the kind mentioned in subsection 206B(1) of the Act--the details; and

                     (e)  whether the market licensee knows whether the person:

                              (i)  is an undischarged bankrupt; or

                             (ii)  has entered into a deed of arrangement or composition of a kind mentioned in subsections 206B(3) and (4) of the Act;

                            and, if the market licensee knows the information, details of what the market licensee knows.

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