Corporations Act 2001
View history note
Hide history noteNotice before removal
1216J(1)
If ASIC proposes to remove a fund as a notified foreign passport fund under section 1216F or 1216H , ASIC must give written notice setting out the date on which ASIC proposes to remove the fund as a notified foreign passport fund to:
(a) the operator of the fund; and
(b) the home regulator for the fund and each other host regulator for the fund.
1216J(2)
The notice must be given at least 5 business days before the fund is removed.
Removing the fund as a notified foreign passport fund
1216J(3)
The fund is removed as a notified foreign passport fund by including an annotation on the Register of Passport Funds to that effect. The fund ceases to be a notified foreign passport fund on the day on which the annotation is made.
Notice of removal
1216J(4)
If ASIC removes a fund as a notified foreign passport fund under section 1216F or 1216H , ASIC must give written notice that the fund has been removed and of the date of removal to:
(a) the operator of the fund; and
(b) the home regulator for the fund and each other host regulator for the fund.
1216J(5)
The notice must be given within 5 business days after the fund is removed.
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