This is the ASIC Corporations (Amendment and Repeal) Instrument 2023/649.

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

This instrument is made under subsections 283GA(1), 601QA(1), 655A(1), 741(1), 926A(2), 992B(1), 1020F(1) and 1100ZK(2) of the Corporations Act 2001.

4 Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

ASIC Corporations (Financial Requirements for CSF Intermediaries) Instrument 2017/339

1 Section 5 (notional subsection 912AH)

Omit “ASIC Class Order [CO 13/761]” (wherever occurring), substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

ASIC Corporations (Definition of Approved Foreign Market) Instrument 2017/669

2 Section 4 (paragraphs (d) and (e) of the definition of applicable ASIC legislative instrument)

Repeal the paragraphs, substitute:

(d) ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647;

(e) ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648;

ASIC Corporations (Wholesale Equity Scheme Trustees) Instrument 2017/849

3 Subparagraph 6(a)(ii) (note)

Omit “ASIC Class Orders [CO 13/760] and [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Responsible Entities, IDPS Operators and Corporate Directors of Retail CCIVs) Instrument 2023/647 and ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

4 Paragraph 7(1)(b)

Omit “ASIC Class Order [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

5 Subsection 7(1) (note)

Omit “ASIC Class Order [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.

ASIC Corporations (Foreign Financial Services Providers—Foreign AFS Licensees) Instrument 2020/198

6 Paragraph 18(1)(d)

Omit “ASIC Class Order [CO 13/761]”, substitute “ASIC Corporations (Financial Requirements for Custodial or Depository Service Providers) Instrument 2023/648”.