THE CORPORATIONS LAW

CHAPTER 8 - THE FUTURES INDUSTRY

PART 8.3 - PARTICIPANTS IN THE FUTURES INDUSTRY

Division 1 - Futures brokers and futures advisers

SECTION 1152   FUTURES ORGANISATIONS TO BE INFORMED ABOUT CONDITIONS OF FUTURES BROKERS LICENCE  

1152(1)  [Commission to inform relevant organisation]  

As soon as practicable after imposing a condition on, or revoking or varying a condition of, a futures brokers licence, the Commission shall inform in writing:

(a)  each futures organisation of which the licensee is a member; and

(b)  each corporation that is a clearing house for a futures exchange of which the licensee is a member.

1152(2)  [Contravention not to affect validity]  

A contravention of subsection (1) does not affect the validity of an act done by the Commission.




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