Document ID: chunk:federal_register_of_legislation:F2022C00375:body:0:p5
Version: federal_register_of_legislation:F2022C00375
Segment Type: other
Provision Reference: 
Character Range: 11013–13879

Stage Method means the Final Stage Method maintained by the Current Administrator in accordance with Rule 2.2.5 of the ASIC Financial Benchmark (Administration) Rules 2018.
Prime Bank means [insert name], being an entity appointed by, or eligible to be appointed by, the Current Administrator as a Prime Bank in accordance with the Prime Bank Conventions.
Prime Bank Conventions means the protocols governing the appointment of Prime Banks and obligations that Prime Banks must comply with in order to maintain Prime Bank status, published by the Current Administrator as the 'Prime Bank Conventions'.

Requirement
3. Prime Bank is required to:
(a)        provide financial benchmark data to the Current Administrator as required by the Current Administrator for the generation or administration of the BBSW, until [insert date or event]; and
(b)       provide the data or information to the Current Administrator in compliance with:
(i)         the Final Stage Methodology;
(ii)       the BBSW Code of Conduct; and
(iii)     all rules applicable to the Prime Bank under the ASIC Financial Benchmark (Administration) Rules 2018.
Note: Under Rule 3.1.1(2) of the ASIC Financial Benchmark (Compelled) Rules 2018, the Prime Bank must comply with this notice. Failure to comply with this notice attracts a maximum penalty of 5,500 penalty units.

Endnotes

Endnote 1 – Instrument history

Instrument number                                                                                                       Date of FRL registration  Date of commencement     Application, saving or transitional provisions
ASIC Financial Benchmark (Compelled) Rules 2018 (F2018L00723)                                                           07/06/2018                08/06/2018
ASIC Market Integrity Rules (Securities Markets and other ASIC-Made Rules) Amendment Instrument 2022/117 (F2022L00295)  09/03/2022                Schedule 10: 10/03/2022

Endnote 2 -  Amendment history

ad. = added or inserted     am. = amended     LA = Legislation Act 2003   rep. = repealed     rs. = repealed and substituted
Provision affected                                                                                                            How affected
Rule 1.1.3                                                                                                                    rep. s48D LA
Rule 1.1.5                                                                                                                    rs. F2022L00295, Schedule 10, item [2]
Rule 2.1.1 (Penalty)                                                                                                          rep. F2022L00295, Schedule 10, item [1]
Rule 3.1.1 (Penalty)                                                                                                          rep. F2022L00295, Schedule 10, item [1]