On 24 March 2021, the Australian Securities and Investments Commission (ASIC) remade with only minor amendments the ASIC Class Order [CO 10/407], which was due to sunset on 1 April 2021. The newly remade ASIC Corporations (Short Term Trading Market) Instrument 2021/218 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 instrument as operating effectively and efficiently. Therefore, a Regulation Impact Statement is not required for remaking this instrument.