ob体育 has released a new legislative instrument . It replaces [CO 13/721] ob体育 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.
ob体育 made the new legislative instrument after considering the submissions received, in response to Consultation Paper 374 Remaking ob体育 class order on exchange traded funds: [CO 13/721] (CP 374). Respondents to CP 374 generally supported ob体育鈥檚 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Under the Legislation Act 2003, all class orders are repealed automatically or 鈥榮unset鈥� after a period unless ob体育 takes action to preserve them.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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ob体育 is Australia鈥檚 corporate, markets and financial services regulator.