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 7.5B - REGULATION OF FINANCIAL BENCHMARKS  

Division 2 - Licensing of financial benchmarks  

Subdivision B - Granting licences  

SECTION 908BD   APPLYING FOR A LICENCE  

908BD(1)    

A body corporate may, by lodging an application with ASIC in a prescribed form, apply for a benchmark administrator licence for a particular financial benchmark.

Note: For fees for lodging applications, see Part 9.10 .

908BD(2)    

ASIC may, by written notice given to an applicant, require the applicant to lodge with ASIC in a prescribed form, within the period specified in the notice, further information in connection with the application.

908BD(3)    
If the applicant fails to lodge the further information as required, ASIC may, by written notice given to the applicant:

(a)    refuse to consider the application; or

(b)    refuse to take any action, or any further action, in relation to the application.