Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A disqualified individual must not become involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
(2) A disqualified individual who is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee must take all reasonable steps to ensure that he or she ceases to be involved in the licensee.
Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).
(3) A person contravenes this subsection if the person contravenes subsection (2).
Note: This subsection is a civil penalty provision (see section 1317E).