Licensing and disclosure: Making the transition to the FSR regime
Licensing and disclosure: Making the transition to the FSR regime
Licensing and disclosure: Making the transition to the FSR regime
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LICENSING AND DISCLOSURE: MAKING THE TRANSITION TO THE <strong>FSR</strong> REGIME<br />
SECTION 2: PRODUCT DISCLOSURE<br />
2.4 What law applies after <strong>the</strong> <strong>transition</strong><br />
period?<br />
2.4.1 In general terms, Part 7.9, including its civil <strong>and</strong> criminal<br />
liability provisions, will apply <strong>to</strong> all persons in relation <strong>to</strong> a<br />
financial product after <strong>the</strong> <strong>transition</strong> period for that product.<br />
Note 1: Some obligations under Part 7.9 of <strong>the</strong> <strong>FSR</strong> Act will apply <strong>to</strong> all<br />
financial products, whe<strong>the</strong>r new or existing, from <strong>FSR</strong> commencement: see<br />
paragraph 2.1.5 of this guide.<br />
Note 2: See Part 10.2 of <strong>the</strong> regulations for fur<strong>the</strong>r regulations that may affect<br />
your <strong>transition</strong> <strong>to</strong> <strong>the</strong> new regula<strong>to</strong>ry <strong>regime</strong>.<br />
Australian Securities <strong>and</strong> Investments Commission — Oc<strong>to</strong>ber 2001<br />
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