Corporations Regulations 2001
View history note
Hide history note[ CCH Note: Pursuant to the Corporations Amendment Regulations 2001 (No 4) (SR 2001 No 319) effective 11 March 2002, Chapter 7 (Securities) comprising reg 7.1.01 - 7.15.01 and Chapter 8 (The futures industry) comprising reg 8.1.01 - 8.7.03 are replaced by a new Chapter 7 (Financial services and markets) comprising reg 7.1.01 - 7.12.01. As the subject matter of the new Chapter 7 relates to the new financial services reform regime, " inserted " has been used in the history notes for each provision, and all references to the former provisions have been removed.]
For paragraph 795A(1) (a) of the Act, the following information is required as part of an application by the body corporate for an Australian market licence:
(a) the body corporate's name, address and contact details;
(b) the name, address and contact details of any person who will act on behalf of the body corporate in relation to the application;
(c) details of the body corporate's major shareholders and organisation, including:
(i) the name, address and contact details of each director; and
(ii) the name, address and contact details of each secretary; and
(iii) the name, address and contact details of each executive officer of the body corporate; and
(iv) whether any director, secretary or executive officer is, or has been, disqualified from managing a corporation under a law of this jurisdiction or another jurisdiction;
(d) a description of the body corporate's business or functions, other than the operation of the proposed market;
(e) details of the financial products to be traded on the proposed market;
(f) whether the proposed market will involve the provision of a financial product to a person as a retail client;
(g) details of the clearing and settlement arrangements that have been made, or are proposed, for the proposed market;
(h) details of the technological resources that will be used in the operation of the market, including details of:
(i) the purpose of the resources; and
(ii) how the resources are to be supplied, managed, maintained and upgraded; and
(iii) how the security of information technology systems is to be protected;
(i) details of the arrangements for dealing with conflicts between the body corporate's commercial interests and its obligations to supervise and monitor the market;
(j) details of the arrangements for the supervision of employees of the body corporate who have duties and responsibilities of a kind that supervision of the employees is necessary to protect the integrity of the operation of the proposed market;
(k) if the ACCC has made a decision in relation to the market that the body corporate will operate - details of the decision.
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