Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section does not apply in respect of an Australian market licence granted under subsection 795B(2) (overseas markets).
(3) Within 28 days after ASIC receives a notice under section 793D from a market licensee, ASIC may disallow all or a specified part of the change to the operating rules.
(4) In deciding whether to do so, ASIC must have regard to the consistency of the change with the licensee's obligations under this Part (including in particular the obligation mentioned in paragraph 792A(1)(a)).
Note: ASIC must also have regard to the matters in section 798A.
(5) As soon as practicable after all or a part of a change is disallowed, ASIC must give notice of the disallowance to the licensee. The change ceases to have effect, to the extent of the disallowance, when the licensee receives the notice.