meta_id 3257434

On June 20, 2026, the Australian Securities and Investments Commission (ASIC) opened a consultation on its proposal to remake four legislative instruments providing relief related to exchange-traded derivatives and securities. The four instruments—ASIC Corporations (Exchange-Traded Derivatives: Multiple Issuers) Instrument 2016/883, ASIC Corporations (Securities: NZ FASTER System) Instrument 2016/891, ASIC Corporations (Transfers of Division 3 Securities) Instrument 2016/893, and ASIC Corporations (Securities Lending Arrangements) Instrument 2021/821—are scheduled to sunset in September and October 2026 under the Legislation Act 2003, which requires all legislative instruments to automatically expire after ten years unless preserved. ASIC determined that all four instruments are operating effectively and continue to form a necessary and useful part of the legislative framework. The instruments provide targeted relief across multiple areas: the first modifies Product Disclosure Statement requirements under Part 7.9 of the Corporations Act 2001 for exchange-traded derivatives issued by intermediaries and market participants; the second provides exemptions and modifications to Part 7.11 to recognise securities transferred through New Zealand's NZCDC Legal Title Transfer system; the third enables foreign company securities quoted on ASX Limited's financial market to transfer with statutory warranties and indemnities; and the fourth provides relief to securities lending participants regarding substantial holding disclosure obligations under Chapter 6C. ASIC proposes to remake all four instruments for a five-year period with minor amendments. The substantive effect of each instrument will remain unchanged upon remake. Stakeholders must submit feedback to rri.consultation@asic.gov.au by 5pm AEST on Monday, July 20, 2026. Further detail is available in ASIC consultation paper CS 56 Proposed Remake of Exchange-Traded Derivative and Securities-Related Instruments.