Document ID: chunk:federal_register_of_legislation:C2025C00185:section:1243a:p8
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 1243A (pt 8/21)
Character Range: 5320111–5323388

financial services regime
Subdivision A—Preliminary
1410 Definitions
Subdivision B—Treatment of existing markets
1411 When is a market being operated immediately before the FSR commencement?
1412 Treatment of proposed markets that have not started to operate by the FSR commencement
1413 Obligation of Minister to grant licences covering main existing markets
1414 Section 1413 markets—effect of licences and conditions
1415 Section 1413 markets—preservation of old Corporations Act provisions during transition period
1416 Section 1413 markets—powers for regulations to change how the old and new Corporations Act apply during the transition period
1417 Section 1413 markets—additional provisions relating to previously unregulated services
1418 Treatment of exempt stock markets and exempt futures markets (other than markets with no identifiable single operator)
1419 Treatment of exempt stock markets and exempt futures markets that do not have a single identifiable operator
1420 Treatment of stock markets of approved securities organisations
1421 Treatment of special stock markets for unquoted interests in a registered scheme
1422 Treatment of other markets that were not unauthorised
Subdivision C—Treatment of existing clearing and settlement facilities
1423 When is a clearing and settlement facility being operated immediately before the FSR commencement?
1424 Treatment of proposed clearing and settlement facilities that have not started to operate by the FSR commencement
1424A Treatment of unregulated clearing and settlement facilities operated by holders of old Corporations Act approvals
1425 Obligation of Minister to grant licences covering main existing facilities
1426 Section 1425 facilities—effect of licences and conditions
1427 Section 1425 facilities—powers for regulations to change how the old and new Corporations Act apply during the transition period
1428 Section 1425 facilities—additional provisions relating to previously unregulated services
1429 Treatment of other clearing and settlement facilities
              Subdivision D—Treatment of people who carry on financial services businesses and their representatives
1430 Meaning of regulated principal, regulated activities and relevant old legislation
1431 Parts 7.6, 7.7 and 7.8 of the amended Corporations Act generally do not apply to a regulated principal during the transition period
1432 Continued application of relevant old legislation
1433 Streamlined licensing procedure for certain regulated principals
1434 Special licences for insurance multi‑agents during first 2 years after FSR commencement
1435 Licensing decisions made within the first 2 years of the FSR commencement—regard may be had to conduct and experience of applicant or related body corporate that currently provides same or similar services
1436 Treatment of representatives—general
1436A Treatment of representatives—insurance agents
1437 Exemptions and modifications by ASIC
Subdivision E—Product disclosure requirements
1438 New product disclosure provisions do not apply to existing products during transition period
1439 Offences against new product disclosure provisions—additional element for prosecution to prove if conduct occurs after opting‑in and before the end of the first 2 years
1440 Continued