Remaking of Sunsetting Instrument without Significant Amendments – Australian Securities and Investments Commission
On 27 September 2021, the Australian Securities and Investments Commission (ASIC) remade with only minor amendments Class Order [CO 11/272] Substantial holding disclosure: securities lending and prime broking, which was due to sunset on 1 October 2021. The newly remade ASIC Corporations (Securities Lending Arrangements) Instrument 2021/821 will now self-repeal on 1 October 2026.
Consistent with the Government’s Regulation Impact Statement requirements for sunsetting instruments, ASIC has, after consultation with stakeholders, assessed the instrument as operating effectively and efficiently. Therefore, a Regulation Impact Statement is not required for remaking this instrument.