|Name of Notice||Financial Markets Conduct (JP Morgan Chase Bank N.A.) Exemption Notice 2022|
|Gazette Notification Date||2022-03-09|
|Date In Force||2022-03-09|
|Act||Financial Markets Conduct|
The Financial Markets Conduct (JP Morgan Chase Bank N.A) Exemption Notice 2022 exempts exempt persons (being JP Morgan Chase Bank N.A (JPM) and any related body corporate of JPM) from the substantial product holder disclosure obligations contained in sections 276 to 279 of the Financial Markets Conduct Act 2013 in respect of any relevant interest in a financial product that an exempt person has as a result of JPM being granted an authority (lending authority) to act as agent on behalf of a client (the client) to lend approved financial products owned by the client to another entity (the borrower) in connection with a securities lending arrangement entered into between the client and the borrower.
The exemption is subject to conditions that under the lending authority, JPM must not: