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CORPORATIONS ACT 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS    View history reference

PART 7.5A - REGULATION OF DERIVATIVE TRANSACTIONS AND DERIVATIVE TRADE REPOSITORIES    View history reference

Division 6 - Regulation of licensed derivative trade repositories: licensing    View history reference

Subdivision B - Granting of licences    View history reference

SECTION 905E  MORE THAN ONE DERIVATIVE TRADE REPOSITORY COVERED BY THE SAME LICENCE  

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905E(1)  

The same Australian derivative trade repository licence may authorise the licensee to operate 2 or more derivative trade repositories.

905E(2)  

In that case, a reference in this Chapter to the derivative trade repository to which an Australian derivative trade repository licence relates is taken instead to be a reference to each of those derivative trade repositories severally.

905E(3)  

Before varying the conditions on an Australian derivative trade repository licence so as to add another derivative trade repository that the licensee is authorised to operate, ASIC must be satisfied of the matters listed in subsection 905C(1) in relation to the repository.

905E(4)  

An Australian derivative trade repository licence that authorises the licensee to operate 2 or more derivative trade repositories may be suspended or cancelled under Subdivision D in respect of one or some of those repositories only, as if the licensee held a separate licence for each of the repositories.


 



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