Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.2 - LICENSING OF FINANCIAL MARKETS  

Division 1 - Market licensees' obligations  

REGULATION 7.2.03   OBLIGATION TO INFORM ASIC OF CERTAIN MATTERS: CEASING TO BE DIRECTOR, SECRETARY OR EXECUTIVE OFFICER OF MARKET LICENSEE  

7.2.03(1)   [ Application]  

For subsection 792B(5) of the Act, this regulation applies if a person ceases to be a director, secretary or executive officer of a market licensee or of a holding company of a market licensee (including when the person changes from one of those positions to another).

7.2.03(2)   [ Information to be given to ASIC]  

The information to be given to ASIC by the market licensee is:

(a) the person's name and contact details; and

(b) the position that the person held; and

(c) the date on which the person ceased to hold the position; and

(d) if the person ceases to be a director, secretary or executive officer because the person is changing from the position to another in the company, the new position; and

(e) if the reason for ceasing to hold the position is:

(i) because of a contravention of the Corporations Act or another law of a State or Territory; or

(ii) because the person has become an undischarged bankrupt;

details of the reason.