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 A - Requirement to be licensed  

SECTION 908BB  

908BB   OTHER PROHIBITIONS ON HOLDING OUT  

A person commits an offence if:

(a) in Australia, the person holds out that:

(i) the person holds a benchmark administrator licence; or

(ii) the administration of a financial benchmark by the person is authorised by a benchmark administrator licence; or

(iii) a financial benchmark is specified in a benchmark administrator licence; or

(iv) a financial benchmark is a significant financial benchmark; or

(v) a financial benchmark is not a significant financial benchmark; and

(b) this is not the case.

Penalty: 5 years imprisonment.