Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
PART 7.4
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LIMITS ON INVOLVEMENT WITH LICENSEES
Division 2
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Individuals who are not fit and proper are disqualified
SECTION 853G
853G
NOTIFICATION BY ASIC
If ASIC becomes aware that an individual who is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee is a disqualified individual because of paragraph 853A(b) or (c) , ASIC must notify the individual and the licensee as soon as practicable.
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteIf ASIC becomes aware that an individual who is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee is a disqualified individual because of paragraph 853A(b) or (c) , ASIC must notify the individual and the licensee as soon as practicable.
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