Reserve Bank may request ASIC to make rules or give directions
Rules (1) If the Reserve Bank reasonably believes that: (a) making a market integrity rule or CS facility rule (including a rule amending or revoking another market integrity rule or CS facility rule); or (b) giving or varying a direction under subsection 794AA(1), 794AB(1), 798JB(1) or 798JC(1); is appropriate to manage or respond to a condition in section 831A being satisfied in relation to a CS facility licensee, the Reserve Bank may, by written notice, request ASIC to make the rule or give or vary the direction. (2) A request for ASIC to give or vary a direction must include a statement setting out the Reserve Bank’s reasons for the request.
Sourced from the Federal Register of Legislation at 17 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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