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CORPORATIONS ACT 2001 - SECT 905A

Regulations may identify derivative trade repositories as being required to be licensed

             (1)  The regulations may identify one or more classes of derivative trade repositories as being required to be licensed under this Part.

Note:          Subject to this Part, derivative trade repositories may be licensed under this Part even if they are not required to be licensed.

             (2)  If the regulations identify a class of derivative trade repositories as being required to be licensed under this Part, a person must not operate, or hold out that the person operates, a repository in the class if the person does not have an Australian derivative trade repository licence that authorises the person to operate the repository.

Note 1:       Failure to comply with this subsection is an offence: see subsection 1311(1).

Note 2:       For other offences dealing with holding out, see section 907A.

             (3)  A person contravenes this subsection if the person contravenes subsection (2).

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



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