Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 1 - Requirement to be licensed  

SECTION 820H  

820H   REVOKING DECLARATIONS THAT CLEARING AND SETTLEMENT FACILITIES HAVE A MATERIAL CONNECTION WITH THIS JURISDICTION  

ASIC may, by written notice given to a body corporate, revoke a declaration made under subsection 820D(2) about a clearing and settlement facility operated by the body corporate if:

(a)    after having regard to subsection 820E(2) , ASIC considers that the facility does not have a connection with this jurisdiction; or

(b)    after having regard to subsection 820E(3) , ASIC no longer considers that the facility ' s connection with this jurisdiction is material.