Section 849AB — Corporations Act 2001: 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.