Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 849AB

Rules

  (1)   If the Reserve Bank reasonably believes that:

  (a)   making a market integrity rule or CS facility rule (including a rule amending or revoking another market integrity rule or CS facility rule); or

  (b)   giving or varying a direction under subsection   794AA(1), 794AB(1), 798JB(1) or 798JC(1);

is appropriate to manage or respond to a condition in section   831A being satisfied in relation to a CS facility licensee, the Reserve Bank may, by written notice, request ASIC to make the rule or give or vary the direction.

  (2)   A request for ASIC to give or vary a direction must include a statement setting out the Reserve Bank's reasons for the request.