Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p41
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 41/148)
Character Range: 434421–437705

insurance products in relation to claimant intermediaries
7.6.01AAAB Need for Australian financial services licence: issuers of insurance products
7.6.01AAA Particular financial products not exempted
7.6.01AB Obligation on persons providing exempt financial service
7.6.01A Providing financial services on behalf of a person who carries on a financial services business
7.6.01B Need for Australian financial services licence: financial product advice provided by the media
7.6.01C Obligation to cite licence number in documents
7.6.02 Alternative dispute resolution systems
7.6.02AAA Arrangements for compensation if financial services provided to persons as retail clients (Act s 912B)
7.6.02AA Modification of section 912B of the Act: professional indemnity insurance and security instead of arrangements for compensation
7.6.02AB Modification of section 761G of the Act: meaning of retail client and wholesale client
7.6.02AC Modification of section 761G of the Act: meaning of retail client and wholesale client
7.6.02AD Modification of section 761G of the Act: meaning of retail client and wholesale client
7.6.02AE Modification of section 9 of the Act: Definition of professional investor
7.6.02AF Modification of section 761G of the Act: renewal period for accountants' certificates
7.6.02AG Modification of section 911A of the Act
7.6.02AH Modification of paragraph 911B(1)(e) of the Act
7.6.02A Obligation to notify ASIC of certain matters
7.6.03 Applying for Australian financial services licence
7.6.03A Australian financial services licence—requirements for a foreign entity to appoint local agent
7.6.03B Foreign entity must continue to have local agent
7.6.03C Financial services licensee must cooperate with AFCA
7.6.04 Conditions on Australian financial services licence
7.6.04AA Time limits for notification of authorised representatives—modification of section 916F of the Act
7.6.04A Exemptions to notification of authorised representatives
7.6.05 Register of financial services licensees and register of authorised representatives of financial services licensees
7.6.06 ASIC register relating to persons against whom banning order or disqualification order is made
7.6.06C Correcting registers
7.6.06D Register of Relevant Providers—prescribed instruments
7.6.07 Restriction on use of certain words or expressions
7.6.07A Modification of section 923C
7.6.07B Exam for existing providers
Part 7.6B—Provision of information to APRA about contracts of insurance
7.6.08A Definitions
7.6.08B Application
7.6.08C Modification of section 912CA of the Act
7.6.08D Information about general insurance products
7.6.08E Information about general insurance products—unauthorised foreign insurers

Chapter 7—Financial services and markets

Part 7.1—Preliminary

Division 1—General

7.1.04  Derivatives
 (1) For paragraph 761D(1)(b) of the Act, the prescribed period is:
 (a) for a foreign exchange contract—3 business days; and
 (b) in any other case—1 business day.
 (2) For subsection 761D(2) of the Act, and subject to this regulation, an arrangement is declared to be a derivative if the following conditions are satisfied in relation to the arrangement:
 (a) the arrangement is not a foreign exchange contract;
 (b) under the arrangement, a party to the arrangement must,