CS 62 Proposed extension of financial services, credit and markets legislative instruments

ASIC released Consultation CS 62 on 11 August 2026, proposing to extend the operation of eight legislative instruments that are otherwise scheduled to self-repeal, or sunset, in 2027. ASIC has assessed each instrument as operating effectively and necessary to retain, and proposes to amend only the self-repeal date of each so that it continues until a later sunset date, without other substantive changes. Submissions closed on 8 September 2026.

The instruments covered include relief for authorised representatives from notifying ASIC of certain sub-authorisations, relief concerning cash settlement fact sheets and transaction confirmations, financial requirements for issuers of retail over-the-counter derivatives, relief relating to disclosure for employer-sponsored superannuation and superannuation dashboards, relief permitting shorter Product Disclosure Statements and alternative delivery methods, relief from Financial Services Guide requirements for certain authorised representatives, relief supporting the employee share scheme provisions in the Corporations Act, and a class waiver addressing a technical limitation of the ASX 24 trading platform.

As the proposal is to preserve the existing effect of each instrument by extending its operation rather than changing its substance, ASIC expects the regulatory impact to be limited to maintaining current settings. ASIC has not yet published its response to submissions or confirmed the final extended expiry dates, so businesses relying on these instruments should continue to monitor ASIC's consultation page for the outcome.