CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5B - REGULATION OF FINANCIAL BENCHMARKS  

Division 2 - Licensing of financial benchmarks  

Subdivision F - Other obligations of licensees  

SECTION 908BP   908BP   GENERAL OBLIGATIONS  


A benchmark administrator 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 administration of the financial benchmark specified in the licence.

Note: The licensee also needs to comply with the rules made under Division 3 (see section 908CF ).


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