大象视频has released a new legislative instrument . It replaces [CO 13/721] 大象视频Corporations (Relief to facilitate quotation of exchange traded funds on the AQUA Market) 13/721 ([CO 13/721]) which was due to sunset on 1 April 2024.
The new legislative instrument extends the relief in [CO 13/721] to a broader class of quoted funds, not limited to those which track an index.
大象视频made the new legislative instrument after considering the submissions received, in response to Consultation Paper 374 Remaking 大象视频class order on exchange traded funds: [CO 13/721] (CP 374). Respondents to CP 374 generally supported ASIC鈥檚 proposals.
View the non-confidential submissions received in response to CP 374.
Background
Under the Legislation Act 2003, all class orders are repealed automatically or 鈥榮unset鈥� after a period unless 大象视频takes action to preserve them. This ensures that legislative instruments like class orders are kept up-to-date and only remain in force while they are fit for purpose and relevant.
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大象视频is Australia鈥檚 corporate, markets and financial services regulator.