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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES    View history reference

Division 1 - Requirement to be licensed    View history reference

SECTION 820B  

820B  OTHER PROHIBITIONS ON HOLDING OUT  

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A person must not hold out:


(a) that the person has an Australian CS facility licence; or


(b) that the operation of a clearing and settlement facility by the person in this jurisdiction is authorised by an Australian CS facility licence; or


(c) that a clearing and settlement facility is exempt from the operation of this Part;

if that is not the case.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).


 



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