Document ID: chunk:federal_register_of_legislation:C2025C00185:section:904a
Version: federal_register_of_legislation:C2025C00185
Segment Type: section
Provision Reference: s 904A
Character Range: 3543380–3544037

904A  General obligations
 (1) A derivative trade repository licensee must:
 (a) comply with the conditions on the licence; and
 (b) if the licensee is a foreign body corporate—be registered under Division 2 of Part 5B.2; and
 (c) take all reasonable steps to ensure that no disqualified individual becomes, or remains, involved in the operator (see Division 2 of Part 7.4).
Note: Derivative trade repository licensees must also comply with other provisions of this Part that apply to them.
 (2) A person contravenes this subsection if the person contravenes paragraph (1)(b) or (c).
Note: This subsection is a civil penalty provision (see section 1317E).