Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 1 - Regulation of CS facility licensees: licensees' obligations  

REGULATION 7.3.01   OBLIGATION TO INFORM ASIC OF CERTAIN MATTERS: BECOMING DIRECTOR, SECRETARY OR EXECUTIVE OFFICER OF CS FACILITY LICENSEE  

7.3.01(1)   [ Application]  

This regulation applies if a person becomes a director, secretary or executive officer of a market licensee or of a holding company of a CS facility licensee (including when the person changes from one of those positions to another).

7.3.01(2)   [ Information to be given to ASIC]  

For subsection 821B(4) of the Act, the information to be given to ASIC by the CS facility licensee is:

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

(b) the date of appointment to the position; and

(c) the person's educational qualifications and financial market experience; and

(d) if the CS facility licensee is aware of any details of a conviction of the kind mentioned in subsection 206B(1) of the Act - the details; and

(e) whether the CS facility licensee knows whether the person:

(i) is an undischarged bankrupt; or

(ii) has entered into a deed of arrangement or composition of a kind mentioned in subsections 206B(3) and (4) of the Act;

and, if the CS facility licensee knows the information, details of what the CS facility licensee knows.