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CORPORATIONS ACT 2001 - SECT 904A

General obligations

             (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).



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