Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 908CK

    In considering whether to make a rule under this Division, ASIC:

  (a)   must have regard to:

  (i)   the final report titled "Principles for Financial Benchmarks", dated July 2013 and published by the Board of the International Organization of Securities Commissions, as amended from time to time; and

  (ii)   the likely effect of the proposed rule on the Australian economy, and on the efficiency, integrity and stability of the Australian financial system; and

  (iii)   the likely regulatory impact of the proposed rule; and

  (b)   may have regard to any other matters that ASIC considers relevant.

Note 1:   The Principles for Financial Benchmarks could in 2018 be viewed on the International Organization of Securities Commissions website (https://www.iosco.org/).

Note 2:   Matters that ASIC may have regard to under paragraph   (b) could, for example, include foreign laws relating to financial benchmarks, and any matters raised in consultations under section   908CL.