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ASIC has repealed 60 class orders due to expire between 2015 and 2022, on subjects ranging from prescribed interest schemes to profile statements. These class orders no longer serve a regulatory purpose. This is part of our ‘sunsetting’ class orders work to further streamline the regulatory regime.
The repeal of the class orders follows ASIC consultation launched in April 2015 (refer: 15-082MR). Submissions received supported ASIC’s proposals and no concerns were identified.
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The non-confidential submissions to our stakeholder consultation
