Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.9 - FINANCIAL PRODUCT DISCLOSURE AND OTHER PROVISIONS RELATING TO ISSUE AND SALE OF FINANCIAL PRODUCTS  

Division 2A - Product Disclosure Statement for warrants  

REGULATION 7.9.07A   WARRANTS  

7.9.07A(1)   [ Application]  

This regulation applies in relation to warrants.

7.9.07A(2)   [ Modification]  

For paragraph 1020G(2)(a) of the Act, section 1010A of the Act is modified by adding after subsection 1010A(1):

" (1A)
Despite subsection (1), this Part applies in relation to a financial product to which regulation 7.9.07A of the Corporations Regulations 2001 applies. " .

7.9.07A(3)   [ Issuer: financial services licensee acting on behalf of another person]  

For paragraph 761E(7)(a) of the Act, if the financial product is entered into, or acquired, on a financial market through an arrangement made by a financial services licensee acting on behalf of another person:

(a) the financial services licensee is not taken to be the issuer of the financial product; and

(b) the warrant issuer is taken to be the issuer of the financial product.

7.9.07A(4)   [ Issuer: authorised representative acting on behalf of another person]  

For paragraph 761E(7)(a) of the Act, if the financial product is entered into, or acquired, on a financial market through an arrangement made by an authorised representative of a financial services licensee acting on behalf of another person (not being the licensee):

(a) the financial services licensee is not taken to be the issuer of the financial product; and

(b) the warrant issuer is taken to be the issuer of the financial product.

7.9.07A(5)   [ Inclusion of information: relevant matters to take into account]  

For paragraph 1013F(2)(f) of the Act:

(a) information that is, or is required to be, disclosed to the market in relation to the underlying thing from which a warrant derives its value, including information published by a market operator in relation to financial products (including warrants and types of warrants) in the form of market data or educational material which is generally made available to the public by the market operator is a matter that may be taken into account for section 1013F of the Act; and

(b) other information that a market operator is required to disclose to the market, in accordance with the Act, including:

(i) information that was required to be disclosed to the market operator; and

(ii) information that the operator was required to disclose in order to meet its obligations under the Act;

is a matter that may be taken into account for section 1013F of the Act; and

(c) information that is generally made available to the public by a market operator in relation to financial products, including information published about a warrant that is entered into or acquired on a financial market in the form of market data or educational material, is a matter that may be taken into account for section 1013F of the Act.

7.9.07A(6)   [ Method of notification]  

For paragraph 1017B(3)(c) of the Act, a way in which the warrant issuer may notify a holder of a matter to which that paragraph applies is by giving the relevant information to the operator of the financial market on which the warrant was entered into or acquired.

7.9.07A(7)   [ Modification of Pt 7.9]  

For paragraph 1020G(1)(c) of the Act, Part 7.9 of the Act applies in relation to a warrant as if the words ``but not more than 3 months after, the change or event occurs'' in item 1 of the table in subsection 1017B(5) of the Act were omitted.

7.9.07A(8)   [ ``warrant issuer'']  

In this regulation:

warrant issuer
, in relation to a warrant, means the person who:

(a) determines the terms of the warrant, including the rights and conditions of the warrant; and

(b) is responsible for obligations owed under the terms of the warrant.