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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 3 - The Australian CS facility licence    View history reference

Subdivision A - How to get a licence    View history reference

SECTION 824E  MORE THAN ONE CS FACILITY COVERED BY THE SAME LICENCE  

 View history reference

824E(1)  [Multiple CS facility licence]  


The same Australian CS facility licence may authorise the licensee to operate 2 or more clearing and settlement facilities.

824E(2)  [Interpretation]  


In that case, a reference in this Chapter to the clearing and settlement facility to which an Australian CS facility licence relates is taken instead to be a reference to each of those facilities severally.

824E(3)  [Variation subject to Minister]  


Before varying the conditions on an Australian CS facility licence so as to add another facility that the licensee is authorised to operate, the Minister must be satisfied of the matters listed in subsection 824B(1) or (2) (as appropriate) in relation to the facility.

824E(4)  [Suspension or cancellation]  


An Australian CS facility licence that authorises the licensee to operate 2 or more clearing and settlement facilities may be suspended or cancelled under Subdivision C in respect of one or some of those facilities only, as if the licensee held a separate licence for each of the facilities.


 



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