Commonwealth Consolidated Acts

CORPORATIONS ACT 2001 - SECT 905P

  (1)   ASIC must have regard to certain matters in deciding whether to:

  (a)   grant an applicant an Australian derivative trade repository licence under section   905C; or

  (b)   impose, vary or revoke conditions on such a licence under section   905F; or

  (c)   suspend or cancel such a licence under section   905J.

  (2)   The matters ASIC must have regard to are as follows:

  (a)   the structure, or proposed structure, of the derivative trade repository;

  (b)   the nature of the activities conducted, or proposed to be conducted, by the derivative trade repository;

  (c)   the size, or proposed size, of the derivative trade repository;

  (d)   the persons who are, or may be, required to report derivative trade data to the derivative trade repository;

  (e)   the technology used, or proposed to be used, in the operation of the derivative trade repository;

  (f)   whether it would be in the public interest to take the action referred to in subsection   (1).

ASIC may also have regard to any other matter that ASIC considers relevant.