Document ID: chunk:federal_register_of_legislation:C2018A00027:clause:1_908ce
Version: federal_register_of_legislation:C2018A00027
Segment Type: clause
Provision Reference: sch 1 cl 908CE
Character Range: 35339–37026

908CE  Permitted powers and matters that may be dealt with in the rules
 (1) The permitted powers and matters are the following:
 (a) the power for ASIC to require, by written notice, an entity referred to in paragraph 908CB(h):
 (i) to provide data or information to a benchmark administrator licensee, or to another entity, for the generation or administration of a significant financial benchmark specified in that licence; and
 (ii) 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;
 (b) the power for ASIC to require, by written notice, a benchmark administrator licensee:
 (i) to continue to generate or administer a significant financial benchmark specified in that licence; or
 (ii) to generate or administer in a particular way a significant financial benchmark specified in that licence;
 (c) powers or matters incidental or related to:
 (i) one or more of the above powers; or
 (ii) the compulsory generation or administration of a significant financial benchmark specified in a benchmark administrator licence;
  including a power or matter prescribed by the regulations for the purposes of this paragraph.
 (2) However, ASIC may only require something under a power referred to in subsection (1) if:
 (a) ASIC reasonably believes it is in the public interest to do so; and
 (b) in the case of paragraph (1)(a)—the activities of the entity concerned have previously resulted in the provision of data or information to that licensee for the generation or administration of that significant financial benchmark.

Subdivision C—Compliance with each set of rules etc.