Document ID: chunk:federal_register_of_legislation:C2018A00027:clause:1_908ck
Version: federal_register_of_legislation:C2018A00027
Segment Type: clause
Provision Reference: sch 1 cl 908CK
Character Range: 40922–41940

908CK  Matters to which ASIC has regard when making rules
  In considering whether to make a rule under this Division, ASIC:
 (a) must have regard to:
 (i) the final report titled "Principles for Financial Benchmarks", dated July 2013 and published by the Board of the International Organization of Securities Commissions, as amended from time to time; and
 (ii) the likely effect of the proposed rule on the Australian economy, and on the efficiency, integrity and stability of the Australian financial system; and
 (iii) the likely regulatory impact of the proposed rule; and
 (b) may have regard to any other matters that ASIC considers relevant.
Note 1: The Principles for Financial Benchmarks could in 2018 be viewed on the International Organization of Securities Commissions website (https://www.iosco.org/).
Note 2: Matters that ASIC may have regard to under paragraph (b) could, for example, include foreign laws relating to financial benchmarks, and any matters raised in consultations under section 908CL.