Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_797b
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 797B
Character Range: 121571–122485

797B  Immediate suspension or cancellation

  The Minister may, by giving written notice to a market licensee, suspend the licence for a specified period, or cancel it, if:
 (a) the licensee ceases to carry on the business of operating the market; or
 (b) the licensee becomes an externally‑administered body corporate; or
 (c) the licensee asks the Minister to do so; or
 (d) in the case of a licence granted under subsection 795B(2) (overseas markets):
 (i) the licensee ceases to be authorised to operate a financial market in the foreign country in which the licensee's principal place of business is located; or
 (ii) there is a change to the regulatory regime applying in relation to the market to which the licence relates in the country in which the licensee's principal place of business is located, and, because of that change, the Minister is no longer satisfied as mentioned in paragraph 795B(2)(c).