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 908BR   OBLIGATION TO ASSIST ASIC, APRA AND THE RESERVE BANK  

908BR(1)  
ASIC, APRA and the Reserve Bank of Australia are each a regulator to which this section applies.

908BR(2)  
A person commits an offence if:


(a) the person is a benchmark administrator licensee; and


(b) a regulator to which this section applies reasonably requests, in writing, the person to:


(i) give the regulator access to the person ' s books that relate to the person ' s capacity as such a licensee; or

(ii) give other assistance to the regulator in relation to the performance of the regulator ' s functions; and


(c) the person fails to comply with the request.

Penalty: 100 penalty units.


 

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