On 24 March 2021, the Australian Securities and Investment Commission remade the relief underlying ASIC Class Order [CO 10/1034] Margin lending relief for ASX-traded instalment warrants (CO 10/1034). The remade relief is the ASIC Corporations (Margin Lending Relief for Exchange-Traded Instalment Warrants) Instrument 2021/194 (Instrument 2021/194).
Instrument 2021/194 extends the underlying relief as CO 10/1034 was due to sunset on 1 April 2021. The relief has been remade without significant changes. Instrument 2021/194 will now sunset on 1 April 2026.
Consistent with Government’s Regulation Impact Statement requirements for sunsetting instruments, ASIC has, after consultation with stakeholders, assessed the Class Order as operating effectively and efficiently. Therefore, a Regulation Impact Statement is not required for remaking the Instrument.