CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

PART 7.5B - REGULATION OF FINANCIAL BENCHMARKS  

Division 3 - Financial benchmark rules and compelled financial benchmark rules  

Subdivision C - Compliance with each set of rules etc.  

SECTION 908CF   OBLIGATION TO COMPLY WITH EACH SET OF RULES  

908CF(1)  
A person (whether a benchmark administrator licensee or otherwise) must comply with:


(a) provisions of the financial benchmark rules; and


(b) provisions of the compelled financial benchmark rules;

that apply to the person.

Note 1: This subsection is a civil penalty provision (see section 1317E ). For the maximum penalty for contravening a civil penalty provision, see section 1317G . For relief from liability to a civil penalty relating to this subsection, see section 1317S .

Note 2: The regulations may limit the persons on whom each set of rules may impose requirements (see section 908CP ).

908CF(2)  
If there is an inconsistency between the financial benchmark rules and the compelled financial benchmark rules, the compelled financial benchmark rules prevail to the extent of the inconsistency.

908CF(3)  
If there is an inconsistency between any of the rules made under this Division and any of the other rules made under other provisions of this Chapter, those other rules prevail to the extent of the inconsistency.


 

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