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FINANCIAL SECTOR REFORM (HAYNE ROYAL COMMISSION RESPONSE--BREACH REPORTING AND REMEDIATION) REGULATIONS 2021 (F2021L01072) - REG 12B

Obligations of licensees--breaches of certain key requirements not required to be reported to ASIC

                   For the purposes of paragraph 50A(4)(c) of the Act, the key requirements (within the meaning of the Code) contained in the following provisions of the Code are prescribed:

                     (a)  subsection 17(3);

                     (b)  subsection 17(4);

                     (c)  subsection 17(5);

                     (d)  subsection 17(6);

                     (e)  paragraphs 17(8)(a) and (b);

                      (f)  subsection 17(9);

                     (g)  subsection 17(11);

                     (h)  paragraphs 17(15)(a) and (b);

                      (i)  subsection 17(15A);

                      (j)  subsection 34(6);

                     (k)  section 35.

14  After paragraph 37(2)(c)

Insert:

                    (ca)  subsection 50B(2);

15  Before paragraph 38(2)(a)

Insert:

                    (aa)  subsections 50C(1) and (5);



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