Document ID: chunk:federal_register_of_legislation:C2004A01287:clause:2_278
Version: federal_register_of_legislation:C2004A01287
Segment Type: clause
Provision Reference: sch 2 cl 278
Character Range: 133282–134096

278  After subsection 264(3)
Insert:

 (3A) The Regulator may, by written notice given to an investment manager of the entity, direct that person, subject to such conditions (if any) as are stated in the notice:
 (a) not to acquire assets on behalf of the entity; or
 (b) not to dispose of, or otherwise deal, or deal in a particular way, in:
 (i) any of the assets of the entity; or
 (ii) any of the assets of the entity included in a specified class of assets; or
 (iii) a specified asset or assets of the entity;
until the notice is revoked or for a period, or until the occurrence of an event, referred to in the notice.

Note: For example, the Regulator may direct an investment manager not to make any withdrawals from a bank account without prohibiting the making of deposits to the credit of the account.