Document ID: chunk:federal_register_of_legislation:F2022N00118:body:0:p3
Version: federal_register_of_legislation:F2022N00118
Segment Type: other
Provision Reference: 
Character Range: 5315–8112

Lexon covenants that, on written request of either MAS or ASIC, it will give or vary written consent and take all other practicable steps to enable and assist MAS to disclose to ASIC and ASIC to disclose to MAS any information or document that MAS or ASIC has that relates to Lexon;
(iv) written consents to the disclosures between ASIC and MAS of any information or document relating to Lexon. The consents must be in such form (if any) as ASIC specifies in writing.

6 Conditions
           Lexon must:
(a) provide each of the financial services in this jurisdiction in a manner which it believes would comply, so far as possible, with the Singaporean regulatory requirements if the financial service were provided in Singapore in like circumstances; and
(b) notify ASIC in writing within 30 days of the details of:
(i) each significant change to, including the termination of, the Licence applying to Lexon relevant to the financial services Lexon provides or intends to provide in this jurisdiction; and
(ii) each significant change to the Singaporean regulatory requirements that is relevant to the financial services Lexon provides or intends to provide in this jurisdiction, including in the power or authority of MAS to supervise, monitor or procure compliance by Lexon with the Singaporean regulatory requirements applicable to the provision of those financial services, unless ASIC has stated in writing that notice of that change is not required for the purpose of this instrument; and
(iii) each significant particular exemption or other relief which Lexon obtains from the Singaporean regulatory requirements relevant to the financial services Lexon provides or intends to provide in this jurisdiction; and
(iv) each enforcement or disciplinary action taken by MAS or other overseas regulatory authority against Lexon; and
(c) provide written disclosure to all persons to whom the financial services are provided in this jurisdiction (before the financial services are provided) containing prominent statements to the following effect:
(i) Lexon is exempt from the requirement to hold an Australian financial services licence under the Act in respect of the financial services; and
(ii) Lexon is regulated by MAS under Singaporean laws, which differ from Australian laws; and
(d) if it becomes or should reasonably have become aware of matters that give it reason to believe that it has failed, in a material respect, to comply with any of the conditions set out in paragraphs (a) to (c):
(i) provide full particulars of the failure to ASIC, to the extent that Lexon knows those particulars or would have known them if it had undertaken reasonable enquiries; and
(ii) notify ASIC in writing in accordance with subparagraph (i) not more than 30 calendar days after it becomes or should