CHAPTER 7
-
FINANCIAL SERVICES AND MARKETS
Note: This Chapter applies to a CCIV in a modified form: see Division
4
of Part
8B.7
.
History
Ch 7 amended by No 8 of 2022, s 3, Sch 2[165] (effective 1 July 2022).
Ch 7 inserted by No 122 of 2001, s 3, Sch 1, Pt 1
[
1].
As Act No 122 of 2001 repealed Ch 7 and 8 the history notes for Ch 7 use
"
inserted
"
and references to the former provisions have been removed.
PART 7.5A
-
REGULATION OF DERIVATIVE TRANSACTIONS AND DERIVATIVE TRADE REPOSITORIES
History
Pt 7.5A inserted by No 178 of 2012, s 3, Sch 1, Pt 1[32] (effective 3 January 2013).
Division 5
-
Regulation of licensed derivative trade repositories: other obligations and powers
History
Div 5 inserted by No 178 of 2012, s 3, Sch 1, Pt 1[32] (effective 3 January 2013).
Subdivision A
-
Obligations
History
Subdiv A inserted by No 178 of 2012, s 3, Sch 1, Pt 1[32] (effective 3 January 2013).
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.
History
S 904A(1) amended by No 17 of 2019, s 3, Sch 1[64] (effective 13 March 2019).
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
).
History
S 904A(2) inserted by No 17 of 2019, s 3, Sch 1
[
65] (effective 13 March 2019).
History
S 904A inserted by No 178 of 2012, s 3, Sch 1, Pt 1[32].