Download [CO 03/826] Market related records: Australian financial

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Transcript
ASIC
Australian Securities & Investments Commission
[CO 03/826]
Market related records: Australian financial
service licensees dealing on overseas
markets
Issued 26/9/2003
Class Order [CO 03/826] exempts holders of an Australian financial
services licence when dealing with wholesale clients who are in
Australia for instructions in relation to a dealing on a financial market
not operating in Australia, from the requirement to keep certain
records of the transactions, as required under Corporations
Regulation 7.8.19. See [IR 03/28].
Australian Securities and Investments Commission
Corporations Act 2001 — Paragraph 992B(1)(a) — Exemption
1.
Under paragraph 992B(1)(a) of the Corporations Act 2001 (the
Act), the Australian Securities and Investments Commission
exempts a holder of an Australian financial services licence from
Regulation 7.8.19 of the Corporations Regulations 2001 in
relation to each instruction to deal in financial products received by
the holder to which both of the following apply:
(a)
the instruction is from or on behalf of a wholesale client who
is not in this jurisdiction; and
(b)
the instruction is for a dealing through a financial market that
is not operated in this jurisdiction.
Interpretation
2.
In this instrument, wholesale client has the meaning given by
section 761G of the Act.
Dated this 26th day of September 2003
Signed by Stephen Yen, PSM
as a delegate of the Australian Securities and Investments Commission