Corporations Act 2001
CHAPTER 7
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FINANCIAL SERVICES AND MARKETS
(a) ASIC; or
(b) the licensee; or
(c) the operator of a financial market with which the facility has arrangements to provide services for transactions effected through the market; or
(d) a person aggrieved by the failure. 822C(2) [ Court order for compliance or enforcement]
(a) the person against whom the order is sought; or
(b) if that person is a body corporate - the directors of the body corporate;
PART 7.3
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LICENSING OF CLEARING AND SETTLEMENT FACILITIES
Division 2
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Regulation of CS facility licensees
Subdivision B
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The facility's operating rules and procedures
SECTION 822C
ENFORCEMENT OF OPERATING RULES
822C(1)
[
Enforcement of operating rules]
If a person who is under an obligation to comply with or enforce any of a licensed CS facility's operating rules fails to meet that obligation, an application to the Court may be made by:
(a) ASIC; or
(b) the licensee; or
(c) the operator of a financial market with which the facility has arrangements to provide services for transactions effected through the market; or
(d) a person aggrieved by the failure. 822C(2) [ Court order for compliance or enforcement]
After giving an opportunity to be heard to the applicant and the person against whom the order is sought, the Court may make an order giving directions to:
(a) the person against whom the order is sought; or
(b) if that person is a body corporate - the directors of the body corporate;
about compliance with, or enforcement of, the operating rules.
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