CORPORATIONS ACT 2001 - SECT 904A General obligations

CORPORATIONS ACT 2001 - SECT 904A

  (1)   A derivative trade repository licensee must:

  (a)   comply with the conditions on the licence; and

  (b)   if the licensee is a foreign body corporate--be registered under Division   2 of Part   5B.2; and

  (c)   take all reasonable steps to ensure that no disqualified individual becomes, or remains, involved in the operator (see Division   2 of Part   7.4).

Note:   Derivative trade repository licensees must also comply with other provisions of this Part that apply to them.

  (2)   A person contravenes this subsection if the person contravenes paragraph   (1)(b) or (c).

Note:   This subsection is a civil penalty provision (see section   1317E).