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CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1152 Futures organisations to be informed about conditions of futures

CORPORATIONS ACT 2001 No. 50, 2001 - SECT 1152

Futures organisations to be informed about conditions of futures brokers licence

(1) As soon as practicable after imposing a condition on, or revoking or varying a condition of, a futures brokers licence, ASIC must inform in writing:

(a)
each futures organisation of which the licensee is a member; and

(b)
each corporation that is a clearing house for a futures exchange of which the licensee is a member.

(2) A contravention of subsection (1) does not affect the validity of an act done by ASIC.