Section 908CK — Corporations Act 2001: Matters to which ASIC has regard when making rules

In considering whether to make a rule under this Division, ASIC: (a) must have regard to: (i) the final report titled “Principles for Financial Benchmarks”, dated July 2013 and published by the Board of the International Organization of Securities Commissions, as amended from time to time; and (ii) the likely effect of the proposed rule on the Australian economy, and on the efficiency, integrity and stability of the Australian financial system; and (iii) the likely regulatory impact of the proposed rule; and (b) may have regard to any other matters that ASIC considers relevant. Note 1: The Principles for Financial Benchmarks could in 2018 be viewed on the International Organization of Securities Commissions website (https://www.iosco.org/). Note 2: Matters that ASIC may have regard to under paragraph (b) could, for example, include foreign laws relating to financial benchmarks, and any matters raised in consultations under section 908CL.