CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5A - REGULATION OF DERIVATIVE TRANSACTIONS AND DERIVATIVE TRADE REPOSITORIES  

Division 3 - Regulation of licensed derivative trade repositories: supervision by ASIC  

SECTION 902A   ASIC TO SUPERVISE LICENSED DERIVATIVE TRADE REPOSITORIES  

902A(1)  
ASIC has the function of supervising licensed derivative trade repositories.

902A(2)  
If a licensed derivative trade repository is wholly or partly operated in a foreign country, ASIC may, to such extent as ASIC considers appropriate, perform the function of supervising the repository by satisfying itself:


(a) that the regulatory regime that applies in relation to the repository in that country provides for adequate supervision of the repository; or


(b) that adequate cooperative arrangements are in place with an appropriate authority of that country to ensure that the repository will be adequately supervised by that authority.


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