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).