Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:15:p66
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 15 (pt 66/73)
Character Range: 1853713–1856544

services licence that authorises the holder to deal in derivatives.
 (11) A reference in an instrument to Division 2 of Part 4.1 of the old Corporations Act includes Division 2 of Part 5B.2 of the Act.
 (12) A reference in an instrument to section 345 of the old Corporations Act includes section 601CF of the Act.
 (13) A reference in an instrument to a clearing house includes a licensed clearing and settlement facility.
 (14) A reference in an instrument to an approved futures exchange includes a licensed market operated by:
 (a) Sydney Futures Exchange Limited; or
 (b) SFE Corporation Limited; or
 (c) ASX Futures Exchange Pty Limited.
 (15) A reference in an instrument to a recognised futures exchange includes a recognised futures exchange mentioned in Schedule 11 to the old Corporations Regulations.
 (16) A reference in an instrument to a futures market of any exchange includes a financial market in relation to derivatives operated by a market licensee.

Division 35—Streamlined licensing

10.2.195  Suspension or cancellation of streamlined licence
 (1) For section 1444 of the Act, this regulation applies in relation to a financial services licensee to which the streamlined licensing procedure in section 1433 of the Act applied when the licensee's Australian financial services licensee was granted.
 (2) If the financial services licensee is an individual, paragraph 915C(1)(b) of the Act applies to the financial services licensee:
 (a) as if ASIC had been satisfied in the terms of subsection 913B(2) of the Act (dealing with whether the financial services licensee is of good fame and character) when the Australian financial services licence was granted; and
 (b) to the extent necessary to allow ASIC to consider whether there is no reason to believe that the financial services licensee is not of good fame or character.
 (3) If the financial services licensee is not an individual, paragraph 915C(1)(b) of the Act applies to the financial services licensee:
 (a) as if ASIC had been satisfied in the terms of subsection 913B(3) of the Act (dealing with whether the financial services licensee or its representatives are of good fame and character) when the Australian financial services licence was granted; and
 (b) to the extent necessary to allow ASIC to consider whether there is no reason to believe that the financial services licensee or its representatives are not of good fame or character.

Division 36—Insurance multi‑agents

10.2.196  Application by holder of qualified licence
 (1) For section 1444 of the Act, this regulation applies in relation to a person if:
 (a) the person is an insurance multi‑agent within the meaning of section 1434 of the Act; and
 (b) the person holds an Australian financial services licence granted in accordance with the procedures mentioned in that section;