[World Corporate Law News] ASIC Proposes to Remake Relief for Exchange-traded Warrants

Editorial Team – [2026] 184 taxmann.com 368 (Article)

World Corporate Law News provides a weekly snapshot of corporate law developments from around the globe. Here’s a glimpse of the key corporate law update this week.

1. Securities Law

1.1 ASIC Proposes to Remake Relief for Exchange-Traded Warrants

On March 16, 2026, the Australian Securities and Investments Commission (ASIC) sought feedback on its proposal to remake two sunsetting legislative instruments that provide relief related to exchange-traded warrants.

The proposed legislative instruments to be remade are:

(a) ASIC Corporations (Margin Lending Relief for Exchange-Traded Instalment Warrants) Instrument 2021/194 due to sunset on 1 April 2026, and

(b) ASIC Corporations (Exchange-Traded Warrants) Instrument 2016/886 due to sunset on 1 October 2026.

Further, ASIC proposes to remake these legislative instruments for a period of five years, with minor amendments including:

(a) Using market-neutral language

(b) Simplifying definitions and rewording the exemption in the draft instrument ASIC Corporations (Exchange-Traded Warrants) Instrument 2026/ to improve its clarity and

(c) Removing definitions that are now contained in the Corporations Act 2001.

Feedback must be submitted by 5:00 pm on Tuesday, March 24, 2026.

Background

Under the Legislation Act 2003, legislative instruments are repealed, or ‘sunset’, after 10 years, unless ASIC acts to preserve them.

ASIC Corporations (Margin Lending Relief for Exchange-Traded Instalment Warrants) Instrument 2021/194 exempts certain types of exchange-traded instalment warrants from the margin lending obligations that would otherwise apply to traditional margin loans. This instrument extends the relief originally provided under the ASIC Class Order.

ASIC Corporations (Exchange-Traded Warrants) Instrument 2016/886 exempts secondary sales of warrants quoted on declared financial markets from disclosure requirements that would otherwise apply to the issue of financial products. This instrument extends the relief that was originally provided under ASIC Class Order [CO 02/608] and ASIC Class Order [CO 03/957].

Source – Official Announcement

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