Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p96
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 96/148)
Character Range: 572038–574763

be made and action to be taken in relation to the particular conflict or potential conflict, ASIC must notify ASX and the competitor of its decision as soon as practicable.
 (10) ASX may repeal any listing rule or amendment made for subregulation (8) only if:
 (a) the repeal or amendment is necessary or convenient to meet ASIC's concerns more effectively; or
 (b) ASIC has notified ASX under subregulation (9).
 (11) Paragraph (10)(b) does not prevent ASIC from:
 (a) reviewing a particular conflict or potential conflict; and
 (b) deciding, at any time (with or without complying with paragraph (4)(a)), that it has again become necessary for ASIC to make decisions and take action (or for ASIC to require ASX to take action on ASIC's behalf) in relation to the conflict or potential conflict.
 (12) If ASIC makes the decision mentioned in paragraph (11)(b), ASIC must notify ASX and the competitor of its decision as soon as practicable.
 (13) For this regulation, ASX must:
 (a) give ASIC the information and documentation that ASIC reasonably needs to make decisions and take action under this regulation; and
 (b) establish administrative and procedural arrangements for that purpose.
 (14) A competitor may notify ASIC that the competitor no longer wishes ASIC to make decisions and take action (or for ASIC to require ASX to take action on ASIC's behalf) in relation to the conflict or potential conflict.
 (15) If ASIC is notified under subregulation (14), ASIC must, as soon as practicable:
 (a) decide whether it will cease to make the decisions and take the action (or cease to require ASX to take action on ASIC's behalf); and
 (b) notify ASX and the competitor of its decision.
 (16) If ASIC decides to cease to make decisions and take action (or to cease to require ASX to take action on ASIC's behalf), ASIC must cease to make decisions and take action (or must cease to require ASX to take action on ASIC's behalf) in relation to the conflict or potential conflict.
 (17) If ASIC decides not to cease to make decisions and take action (or not to cease to require ASX to take action on ASIC's behalf), ASIC must continue to make decisions and take action (or must require ASX to take action on ASIC's behalf) in relation to the conflict or potential conflict.

Part 7.2A—Supervision of financial markets

Division 7.2A.1—Enforceable undertakings

7.2A.01  Enforceable undertakings
 (1) For paragraph 798K(1)(d) of the Act, ASIC may accept a written undertaking, entered into by a person who is alleged to have contravened subsection 798H(1) of the Act, as an alternative to civil proceedings.
 (2) Without limiting subregulation (1), ASIC may accept an undertaking that includes any of the following:
 (a) an