An ASIC Class Order is a legislative instrument issued by the Australian Securities and Investments Commission. This order provides relief from certain provisions of the Corporations Act 2001 for a specific class of entities or situations. It functions to reduce regulatory burden or address unforeseen circumstances not fully addressed by primary legislation. These orders facilitate market efficiency and maintain regulatory flexibility.
Context
ASIC Class Orders frequently become relevant in cryptocurrency news when they relate to regulatory relief for digital asset offerings or services. Discussions often center on whether existing class orders apply to new crypto products or if new orders are needed to accommodate market innovations. The ongoing challenge involves balancing regulatory oversight with support for technological advancement within the digital asset space.
Intermediaries distributing AFS-licensed stablecoins gain a critical licensing exemption, streamlining market access and shifting compliance burden to the issuer layer.
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