Commonwealth Consolidated Acts

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CORPORATIONS ACT 2001 - SECT 908CE

Permitted powers and matters that may be dealt with in the rules

             (1)  The permitted powers and matters are the following:

                     (a)  the power for ASIC to require, by written notice, an entity referred to in paragraph 908CB(h):

                              (i)  to provide data or information to a benchmark administrator licensee, or to another entity, for the generation or administration of a significant financial benchmark specified in that licence; and

                             (ii)  to provide ASIC with some or all of that data or information for purposes relating to the generation or administration of that significant financial benchmark;

                     (b)  the power for ASIC to require, by written notice, a benchmark administrator licensee :

                              (i)  to continue to generate or administer a significant financial benchmark specified in that licence; or

                             (ii)  to generate or administer in a particular way a significant financial benchmark specified in that licence;

                     (c)  powers or matters incidental or related to:

                              (i)  one or more of the above powers; or

                             (ii)  the compulsory generation or administration of a significant financial benchmark specified in a benchmark administrator licence;

                            including a power or matter prescribed by the regulations for the purposes of this paragraph.

             (2)  However, ASIC may only require something under a power referred to in subsection (1) if:

                     (a)  ASIC reasonably believes it is in the public interest to do so; and

                     (b)  in the case of paragraph (1)(a)--the activities of the entity concerned have previously resulted in the provision of data or information to that licensee for the generation or administration of that significant financial benchmark .



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