Corporations Regulations 2001

CHAPTER 10 - REPEALS, TRANSITIONAL MATTERS AND APPLICATION PROVISIONS  

PART 10.2 - TRANSITIONAL ARRANGEMENTS RELATING TO FINANCIAL SERVICES REFORM LEGISLATION  

Division 15 - Other provisions relating to conduct etc  

REGULATION 10.2.67   AUDITOR'S REPORT IN CERTAIN MATTERS: FINANCIAL SERVICES LICENSEE WHO FORMERLY HELD A DEALER'S LICENCE  

10.2.67(1)   [ Application]  

For section 1444 of the Act, this regulation applies in relation to a financial services licensee:


(a) who is a regulated principal mentioned in item 1 of the table in section 1430 of the Act; and


(b) whose financial services licence covers regulated activities for a regulated principal of that kind.

10.2.67(2)   [ Auditor to give report on certain matters]  

Section 990K of the Act applies in relation to an auditor of a financial services licensee mentioned in subregulation (1) as if subsection 990K(2) required the auditor to give a report on any matter that, in the opinion of the auditor:


(a) adversely affected the ability of the licensee to meet its obligations as a securities dealer before the time that it became a financial services licensee in relation to the regulated activities mentioned in item 1 of the table in section 1430 of the Act; or


(b) constitutes, or may constitute, a contravention of the condition of the dealers licence held by the licensee before the time that it became a financial services licensee in relation to the regulated activities mentioned in item 1 of the table in section 1430 of the Act; or


(c) constitutes, or may constitute, a contravention of section 856, 866, 867, 868, 869, 870, 871, 872 or 873, or Part 7.7 of the old Corporations Act.




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