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 7.3.02   OBLIGATION TO INFORM ASIC OF CERTAIN MATTERS: CEASING TO BE DIRECTOR, SECRETARY OR EXECUTIVE OFFICER OF CS FACILITY LICENSEE  

7.3.02(1)   [ Application]  

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

7.3.02(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 name and contact details of the person; 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.