THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.3 - PARTICIPANTS IN THE FUTURES INDUSTRY

Division 3 - Futures representatives

SECTION 1177   LICENSEE TO NOTIFY COMMISSION OF LOCATION AND CONTENTS OF REGISTER  

1177(1)  [Scope]  

This section has effect where a licensee keeps a register under section 1176.

1177(2)  [Notice of location of register]  

Within 14 days after establishing the register, the licensee shall lodge written notice of where the register is kept.

1177(3)  [Notice of change of location of register]  

As soon as practicable after changing the place where the register is kept, the licensee shall lodge written notice of the new place where the register is kept.

1177(4)  [Copy of proper authority etc to be lodged]  

Within 2 business days after the day on which a person begins to hold a particular proper authority from the licensee, the licensee shall, whether or not the person has previously held a proper authority from the licensee, lodge:

(a)  a copy of the first-mentioned proper authority; and

(b)  a written notice stating that the person began to hold that proper authority on that day.

1177(5)  [Information contained in register to be lodged]  

Within the period within which subsection 1176(5) requires a licensee to enter in the register information that the register is required by virtue of paragraph 1176(3)(b), (c), (d) or (e) to contain, the licensee shall lodge a written notice setting out the information and stating that the information has been, or is to be, entered in the register.

1177(6)  [Notice when person ceases to hold proper authority]  

Within 2 business days after a person ceases to hold a proper authority from the licensee, the licensee shall, unless at the end of those 2 business days the person again holds a proper authority from the licensee, lodge a written notice stating that the person has ceased to hold such a proper authority.