A person must not hold out:
(a) that the person has an Australian market licence; or
(b) that the operation of a financial market by the person in this jurisdiction is authorised by an Australian market licence; or
(c) that a financial market is exempt from the operation of this Part; or
(d) that the person is a participant in a licensed market;
if that is not the case.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).