Corporations Regulations 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.11 - TITLE AND TRANSFER  

Division 1 - Preliminary  

REGULATION 7.11.03   ARRANGEMENTS ABOUT DIVISION 4 FINANCIAL PRODUCTS  

7.11.03(1)   [ ``Division 4 financial product'']  

A financial product is a Division 4 financial product if the financial product is:

(a) a Division 3 security other than a security mentioned in paragraph 1073A(1) (e) of the Act; or

(b) declared by ASIC, under section 1075A of the Act, to be a financial product the transfer of which will be effected through ASTC under these Regulations.

7.11.03(2)   [ Application]  

Subregulations (3) to (8) apply in relation to a class of Division 4 financial products that is admitted to quotation.

7.11.03(3)   [ Temporary suspension of quotation]  

A Division 4 financial product in the class of Division 4 financial products is not taken to have stopped being quoted merely because of a temporary suspension of quotation of the class.

7.11.03(4)   [ Cessation of quotation]  

If:

(a) there is a suspension of the quotation of a Division 4 financial product in the class; and

(b) during the suspension, the issuer in relation to the Division 4 financial product ceases to be included in the official list of the market licensee on which the Division 4 financial product is traded;

the Division 4 financial product is taken to stop being quoted when the issuer ceases to be included in the official list.

7.11.03(5)   [ Other circumstances]  

Subregulation (4) does not limit the circumstances in which a Division 4 financial product in the class may be taken to have stopped being quoted on a financial market of a market licensee.

7.11.03(6)   [ Deemed quotation where quotation stops]  

For the provisions mentioned in subregulation (8), if:

(a) a Division 4 financial product stops being quoted on a financial market of a market licensee; and

(b) the ASTC operating rules provide that the Division 4 financial product is to be taken to continue to be quoted for a specified period;

the Division 4 financial product is taken to be quoted during the period.

7.11.03(7)   [ Deemed quotation where quotation pending]  

For the provisions mentioned in subregulation (8), if:

(a) a Division 4 financial product has been issued; and

(b) the Division 4 financial product:

(i) is approved, by a market licensee, to be admitted to quotation on a financial market of the market licensee; and

(ii) has not yet been quoted; and

(c) the ASTC operating rules provide that the Division 4 financial product is taken to be quoted for a specified period;

the Division 4 financial product is taken to be quoted during the period.

7.11.03(8)   [ Provisions]  

The provisions are:

(a) the definitions of:

(i) ASTC certificate cancellation provisions; and

(ii) ASTC-regulated transfer; and

(iii) ASTC subregister; and

(iv) proper ASTC transfer; and

(b) section 653A of the Act; and

(c) Part 7.11 of the Act; and

(d) regulations made for the purposes of Part 7.11 of the Act.