Document ID: chunk:federal_register_of_legislation:F2022C00375:body:0:p2
Version: federal_register_of_legislation:F2022C00375
Segment Type: other
Provision Reference: 
Character Range: 2946–5934

that specifies a significant financial benchmark:
(a)        to continue to generate or administer the significant financial benchmark; or
(b)       to generate or administer the significant financial benchmark in a particular way.
(2) The licensee must comply with the notice.
(3) Without limiting subrule (1), a notice under that subrule may:
(a)        specify the period during which the licensee must comply with the notice, including by reference to the occurrence of one or more events; and
(b)       specify requirements the licensee must comply with in generating or administering the significant financial benchmark, including:
(i)         requirements relating to changes to the method the licensee uses to generate or administer the significant financial benchmark; and
(ii)       where the licensee intends to cease generating or administering the significant financial benchmark, requirements relating to the:
(A)       orderly transition of the significant financial benchmark to another holder of a benchmark administrator licence; or
(B)       orderly cessation of the generation and administration of the significant financial benchmark.
Note 1: Under section 908CE of the Act, ASIC may only require a holder of the benchmark administrator licence to do something under subrule (1) if ASIC reasonably believes it is in the public interest to do so.
Note 2: ASIC may amend or revoke a written notice under subrule (1) (see subsections 33(3) and (3AA) of the Acts Interpretation Act 1901 and section 13 of the Legislation Act 2003).
Note 3: Without limiting the form which a notice may take or the matters which may be dealt with in a notice, Schedule 1 sets out an example of a notice under subrule (1).

  Chapter 3:            Mandatory submissions to a significant financial benchmark

     3.1.1           Notice to Contributor
(1) ASIC may require, by written notice, a Contributor:
(a)        to provide data or information to the holder of a benchmark administrator licence for the generation or administration of a significant financial benchmark specified in that licence; or
(b)       to provide ASIC with some or all of that data or information for purposes relating to the generation or administration of that significant financial benchmark.
(2) The Contributor must comply with the notice.
(3) Without limiting subrule (1), a notice under that subrule may:
(a)        specify the period during which the Contributor must comply with the notice, including by reference to the occurrence of one or more events; and
(b)       specify requirements the Contributor must comply with in providing the data or information, including:
(i)         requirements relating to the manner and form in which the Contributor must provide the data or information; and
(ii)       other requirements imposed by the holder of the benchmark administrator licence, ASIC, the Act or the ASIC Financial Benchmark (Administration) Rules 2017.
Note 1: Under section 908CE of the Act,