Document ID: chunk:federal_register_of_legislation:C2024A00087:clause:2_13
Version: federal_register_of_legislation:C2024A00087
Segment Type: clause
Provision Reference: sch 2 cl 13
Character Range: 177839–178672

13  Paragraph 797B(a)
Repeal the paragraph, substitute:
 (a) the licensee ceases to carry on the business of operating the financial market to which the licence relates; or
 (aa) both of the following subparagraphs apply:
 (i) it has been at least 12 months since ASIC granted the licence;
 (ii) during the last 12 months, there has been no acceptance of any offers made through the market to acquire or dispose of financial products; or
 (ab) all of the following subparagraphs apply:
 (i) it has been at least 12 months since ASIC granted the licence;
 (ii) the licence is subject to a condition specifying that the licensee is authorised to engage in specified conduct or activity that constitutes operating the market;
 (iii) during the last 12 months, the licensee has not engaged in any such specified conduct or activity; or