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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 E - Other matters    View history reference

SECTION 905P  MATTERS TO BE TAKEN INTO ACCOUNT BY ASIC  

 View history reference

905P(1)  

ASIC must have regard to certain matters in deciding whether to:


(a) grant an applicant an Australian derivative trade repository licence under section 905C; or


(b) impose, vary or revoke conditions on such a licence under section 905F; or


(c) suspend or cancel such a licence under section 905J.

905P(2)  

The matters ASIC must have regard to are as follows:


(a) the structure, or proposed structure, of the derivative trade repository;


(b) the nature of the activities conducted, or proposed to be conducted, by the derivative trade repository;


(c) the size, or proposed size, of the derivative trade repository;


(d) the persons who are, or may be, required to report derivative trade data to the derivative trade repository;


(e) the technology used, or proposed to be used, in the operation of the derivative trade repository;


(f) whether it would be in the public interest to take the action referred to in subsection (1).

ASIC may also have regard to any other matter that ASIC considers relevant.


 



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