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CORPORATIONS ACT 2001 - SECT 908BP General obligations

CORPORATIONS ACT 2001 - SECT 908BP

General obligations

    A benchmark administrator 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 administration of the financial benchmark specified in the licence.

Note:   The licensee also needs to comply with the rules made under Division   3 (see section   908CF).

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