Document ID: chunk:federal_register_of_legislation:C2025C00185:section:853f
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 853F
Character Range: 3437740–3438558

853F  Obligations on disqualified individuals
 (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).