Document ID: chunk:federal_register_of_legislation:F2024C00718:body:0:p2
Version: federal_register_of_legislation:F2024C00718
Segment Type: other
Provision Reference: 
Character Range: 2690–5825

agent for any consecutive period of 10 business days;
(c) the body's primary business is the provision of financial services.
CSSF regulatory requirements means the rules that apply in relation to the financial services provided by a CSSF-regulated financial services provider in Luxembourg including:
           (a) any applicable legislation;
           (b) instruments made under that legislation; and
           (c) any relevant policies or other documents (however described) issued by the CSSF.
       eligible deposit product means a deposit-taking facility that is not a deposit product as defined in section 761A of the Act.
       Law means the Amended Law of 17 December 2010 of Luxembourg concerning undertakings for collective investment.
       non-cash payments has a meaning affected by section 763D of the Act.
       other foreign regulatory authority means a foreign regulatory authority (other than the CSSF) which regulates financial services and which is established by or for the purposes of a foreign government or legislative body.
       UCITS means undertakings for collective investment in transferable securities.
Note: By subsection 761H(1) of the Act, the operation of this instrument in relation to partnerships is affected by section 761F and subsection 769B(4) of the Act.

       Part 2—Exemption

6 CSSF-regulated financial services providers
    A CSSF-regulated financial services provider does not have to comply with Part 7.6 of the Act (other than Divisions 4 and 8) in relation to the provision of the following financial services in this jurisdiction to wholesale clients:
       (a) providing financial product advice;
       (b) dealing in a financial product;
       (c) making a market for a financial product; and
       (d) providing a custodial or depository service,
       in respect of any of the following financial products:
       (e) eligible deposit products;
       (f) derivatives;
       (g) foreign exchange contracts;
       (h) securities;
       (i) debentures, stocks or bonds issued by a government;
       (j) managed investment products;
       (k) interests in a managed investment scheme that is not required to be registered under Chapter 5C of the Act.

7 Conditions
    A CSSF-regulated financial services provider that relies on this instrument must:
       (a) before relying on this instrument—give ASIC all of the following:
           (i) evidence that it satisfies the definition of CSSF-regulated financial services provider;
           (ii) written notice that it will provide financial services in this jurisdiction in reliance on this instrument;
           (iii) written consent to the disclosure by the CSSF to ASIC and ASIC to the CSSF of any information or document that the CSSF or ASIC has that relates to the provider;
           (iv) a deed of the body for the benefit of and enforceable by ASIC and the other persons referred to in subsection 659B(1) of the Act that applies notwithstanding that the provider may have ceased to rely, or never have relied, on this instrument, which provides that:
              (A) the provider submits to the