Document ID: chunk:federal_register_of_legislation:C2019A00050:clause:2_1023n
Version: federal_register_of_legislation:C2019A00050
Segment Type: clause
Provision Reference: sch 2 cl 1023N
Character Range: 66746–67615

1023N  Product intervention orders may require notification
 (1) A product intervention order in relation to a financial product may:
 (a) require that a specified person who has:
 (i) dealt in, or dealt in a specified way in, a financial product in relation to a retail client; or
 (ii) provided financial product advice, or a specified kind of financial product advice, to a retail client in relation to a financial product;
  take reasonable steps to notify the retail client:
 (iii) of the terms of the order; and
 (iv) of any other matter specified in regulations made for the purposes of this subparagraph; and
 (b) specify requirements in relation to giving those notifications (including requirements as to the periods within which to give those notifications).
 (2) In this section, dealing in a financial product has the meaning given by subsection 994A(1).