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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 D - When a licence can be varied, suspended or cancelled    View history reference

SECTION 905H  

905H  IMMEDIATE SUSPENSION OR CANCELLATION  

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ASIC may, by giving written notice to a derivative trade repository licensee, suspend the licence for a specified period, or cancel it, if:


(a) the licensee ceases to carry on the business of operating the derivative trade repository; or


(b) the licensee becomes a Chapter 5 body corporate; or


(c) the licensee asks ASIC to do so; or


(d) in the case of a licensee that is a leviable entity (within the meaning of the ASIC Supervisory Cost Recovery Levy Act 2017) - the following have not been paid in full at least 12 months after the due date for payment:

(i) an amount of levy (if any) payable in respect of the licensee;

(ii) the amount of late payment penalty payable (if any) in relation to the levy;

(iii) the amount of shortfall penalty payable (if any) in relation to the levy.
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