Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) ASIC may, by legislative instrument, make rules (the CS services rules ) that deal with the following:
(a) the activities, conduct or governance of CS facility licensees, and associated entities of CS facility licensees, in relation to CS services;
(b) if regulations made for the purposes of this paragraph specify other persons--the activities, conduct or governance of those persons in relation to CS services;
(c) matters that are incidental to the matters mentioned in paragraphs (a) and (b).
(2) Without limiting the scope of subsection (1), the rules may deal with the following:
(a) the specification of persons who are required to comply with requirements imposed by the rules;
(b) for the purposes of subsection 822A(1)--matters with which the operating rules of a licensed CS facility must deal, in relation to CS services;
(c) for the purposes of subsection 822A(2)--matters in respect of which a licensed CS facility must have written procedures, in relation to CS services;
(d) for the purposes of subsection 822E(4)--matters to which the Minister must have regard, as mentioned in that subsection, in relation to CS services.
(3) For the purposes of this section, governance of a person may be in relation to CS services even if there only an indirect relationship between the governance and CS services.
(4) Despite subsection (1), the rules cannot provide for matters in relation to a clearing and settlement facility that is exempt from the operation of Part 7.3 because of an exemption under section 820C.