ASIC Simple Consultation CS 57—Proposed remake of financial market operations relief instruments
Submission Date: 31 July 2026
This submission is made by the Financial Services Committee (Committee) of the Business Law Section of the Law Council of Australia. It is in response to Consultation Statement 57 Proposed remake of Corporations Instruments 2016/841, 2016/881, and 2021/889 (CS 57). CS 57 was issued by the Australian Securities and Investments Commission (ASIC) on 6 July 2026.
CS 57 proposes to remake ASIC Corporations (Dematerialised Securities: Austraclear) Instrument 2016/841, ASIC Corporations (Disclosure of Directors’ Interests) Instrument 2016/881 and ASIC Corporations (Records: Dealings on Foreign Markets) Instrument 2016/889 (Instrument 2016/889—together, the ASIC Instruments).
The Committee supports ASIC’s proposal to remake the ASIC Instruments and, in particular, the continuation of the existing relief under the ASIC Instruments.
The Committee also recommends that ASIC seek Treasury’s support for Parliament to make amendments to the Corporations Act 2001 (Cth) to include the relief under the ASIC Instruments in the substantive law.
Last Updated on 07/08/2026
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