Document ID: chunk:federal_register_of_legislation:F2024C01249:reg:1:p93
Version: federal_register_of_legislation:F2024C01249
Segment Type: reg
Provision Reference: reg 1 (pt 93/148)
Character Range: 564610–567460

to operate the market;
 (i) details of the body corporate's business plan, or other strategic planning, for the first 12 months of operation of the market, that are not included in the other documents mentioned in this regulation.

Division 5—The Australian market licence: applications (financial market in foreign country)

7.2.13  Application of Division 5
  This Division applies in relation to a body corporate that applies for an Australian market licence that may be granted under subsection 795B(2) of the Act.

7.2.14  Information
  For paragraph 795A(1)(a) of the Act, the following information is required as part of an application by the body corporate for an Australian market licence:
 (a) the body corporate's name, address and contact details in this jurisdiction;
 (b) the address and contact details of the body corporate's principal place of business in the foreign country in which its financial market is located (the home country);
 (c) whether the body corporate is registered under Division 2 of Part 5B.2 of the Act;
 (d) details of the financial products that are traded on the financial market in the home country;
 (e) details of the clearing and settlement arrangements for the financial market in the home country;
 (f) details of the body corporate's major shareholders and organisation, including any details that have not already been given to ASIC in accordance with Division 2 of Part 5B.2 of the Act of:
 (i) each person whose duties are comparable to those of a director; and
 (ii) each person whose duties are comparable to those of a secretary; and
 (iii) each person whose duties are comparable to those of an executive officer of the body corporate.

7.2.15  Documents
  For paragraph 795A(1)(b) of the Act, the documents required as part of an application by the body corporate for an Australian market licence are:
 (a) the body corporate's authorisation to operate the financial market in its home country, including a copy of any conditions imposed on the body corporate's operation of its financial market in the home country; and
 (b) sufficient documentation to allow the Minister to be satisfied that the regulation of the financial market in its home country is equivalent to regulation under the Act.
Example for paragraph (b): Copies of the relevant legislation, rules and procedures in the home country.

Division 6—The Australian market licence: other matters

7.2.16  Potential conflict situations
 (1) For subsection 798E(1) of the Act, this regulation applies in relation to specific and significant conflicts, or potential conflicts that would be specific and significant, between:
 (a) the commercial interests of Australian Stock Exchange Limited (ASX) in dealing with a body (the competitor) that operates a business with which:
 (i) ASX is in competition; or
 (ii) a subsidiary of ASX is