№ lp_1_2_69512
Outlines proposed regulatory relief for term deposits that can only be withdrawn on 31 days’ notice, including conditions and impacts, as presented in a consultation paper issued by ASIC.
Year: 2011
Jurisdiction: Australia
Type of document: Consultation paper
Issuing authority: Australian Securities and Investments Commission (ASIC)
Subject: Term deposits, regulatory relief, basic deposit products
Target audience: Authorised deposit-taking institutions, investors, consumer groups
Legislation referenced: Corporations Act 2001, ASIC Act 2001, Banking Act 1959
Period covered: Up to two-year term deposits
Date of issue: 4 November 2011
Submission deadline: 23 December 2011
Related standards: Basel III liquidity standards
Price: 8 / 10 USD
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