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 7.2 - LICENSING OF FINANCIAL MARKETS  

Division 2 - Requirement to be licensed  

SECTION 791G  

791G   REVOKING DECLARATIONS THAT FINANCIAL MARKETS HAVE A MATERIAL CONNECTION WITH THIS JURISDICTION  

ASIC may, by written notice given to a body corporate, revoke a declaration made under subsection 791D(2) about a financial market operated by the body corporate if:

(a)    after having regard to subsection 791E(2) , ASIC considers that the market does not have a connection with this jurisdiction; or

(b)    after having regard to subsection 791E(3) , ASIC no longer considers that the market ' s connection with this jurisdiction is material.