Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3 - LICENSING OF CLEARING AND SETTLEMENT FACILITIES  

Division 3 - The Australian CS facility licence  

Subdivision A - How to get a licence  

SECTION 824E   MORE THAN ONE CS FACILITY COVERED BY THE SAME LICENCE  

824E(1)    
The same Australian CS facility licence may authorise the licensee to operate 2 or more clearing and settlement facilities.

824E(2)    

In that case, a reference to the clearing and settlement facility to which an Australian CS facility licence relates is taken instead to be a reference to each of those facilities severally.

824E(3)    

Before varying the conditions on an Australian CS facility licence so as to add another facility that the licensee is authorised to operate, ASIC must be satisfied of the matters listed in subsection 824B(1) or (2) (as appropriate) in relation to the facility.

824E(4)    
An Australian CS facility licence that authorises the licensee to operate 2 or more clearing and settlement facilities may be suspended or cancelled under Subdivision C in respect of one or some of those facilities only, as if the licensee held a separate licence for each of the facilities.