Document ID: chunk:federal_register_of_legislation:F2024C01198:body:0:p99
Version: federal_register_of_legislation:F2024C01198
Segment Type: other
Provision Reference: 
Character Range: 277799–280817

for that customer by the second reporting entity; and
            (e) prior to the first reporting entity issuing the interest in the registered managed investment scheme to the customer, the first reporting entity has received, through the MIS service, confirmation from the second reporting entity that the applicable customer identification procedure has been carried out in respect to the customer.

    21.4 In this Chapter:
        (1) 'Australian market licence exemption' means an exemption from the financial market licensing provisions in Part 7.2 of the Corporations Act 2001 granted pursuant to section 791C of that Act;
        (2) 'dividend or distribution plan' has the meaning given by Chapter 19 of the ASX Listing Rules issued, as in force on 22 April 2008, by ASX Limited trading as the Australian Securities Exchange;
        (3) 'initial public offering' in the context of an interest in a managed investment scheme is an offering of that interest by a reporting entity, for the first time, to an applicant who subscribes for that interest, before the interest is quoted on a prescribed financial market;
        (4) 'interest' in a managed investment scheme includes a stapled security whereby one or more financial products are transferred together;
        (5) 'managed investment scheme' has the meaning given in section 9 of the Corporations Act 2001;
        (6) 'MIS service' means an electronic facility which:
           (a) is solely used to receive, process and settle issues, sales, transfers and redemptions of interests in managed investment schemes (and associated receipts and payments); and
           (b) for an issue of a new interest in a managed investment scheme – requires the applicable customer identification procedure in relation to a customer to be carried out by the second reporting entity; and
           (c) requires the second reporting entity to, through the MIS service, advise the first reporting entity when the applicable customer identification procedure has been carried out in relation to the customer to whom the interest is to be issued prior to the issue of that interest;
        (7) 'participant' has the meaning given by section 761A of the Corporations Act 2001;
        (8) 'prescribed financial market' has the meaning given by section 9 of the Corporations Act 2001;
        (9) 'registered managed investment scheme' means a managed investment scheme that is registered under section 601EB of the Corporations Act 2001;
        (10) 'proprietary system' means a system or systems for the electronic trading, clearing and settlement of transactions relating to securities or derivatives;
        (11) 'rights issue' has the meaning given by section 9A of the Corporations Act 2001;
        (12) 'specified financial market' means
           (a) the Australian Securities Exchange Limited (ACN 000 943 377); or
           (b) FEX Global Pty Ltd (ACN 124 127 224).

Reporting entities should note that in relation to activities they undertake to