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 7.5A - REGULATION OF DERIVATIVE TRANSACTIONS AND DERIVATIVE TRADE REPOSITORIES  

Division 5 - Regulation of licensed derivative trade repositories: other obligations and powers  

Subdivision A - Obligations  

SECTION 904A   GENERAL OBLIGATIONS  

904A(1)    
A derivative trade repository licensee must:

(a) comply with the conditions on the licence; and

(b) if the licensee is a foreign body corporate - be registered under Division 2 of Part 5B.2 ; and

(c) take all reasonable steps to ensure that no disqualified individual becomes, or remains, involved in the operator (see Division 2 of Part 7.4 ).

Note: Derivative trade repository licensees must also comply with other provisions of this Part that apply to them.

904A(2)    

A person contravenes this subsection if the person contravenes paragraph (1)(b) or (c).

Note: This subsection is a civil penalty provision (see section 1317E ).