Treasury Laws Amendment (ALRC Financial Services Interim Report) Regulations 2023 (F2023L01458)

Schedule 1   Main amendments

Part 7   Terms relating to mutual recognition of securities offers

Corporations Regulations 2001

302   Regulation 7.8A.04

Repeal the regulation, substitute:

7.8A.04 Jurisdictional scope of Division

A person is not required by this Division to make a target market determination for a financial product if the product is:

(a) a financial product that is not available for acquisition by issue, or by regulated sale, in this jurisdiction; or

(b) securities (as defined in subsection 92(7) of the Act) offered under a recognised offer in relation to a recognised jurisdiction.