Document ID: chunk:federal_register_of_legislation:C2005C00498:clause:1_912d
Version: federal_register_of_legislation:C2005C00498
Segment Type: clause
Provision Reference: sch 1 cl 912D
Character Range: 292328–293106

912D  Obligation to notify ASIC of certain matters

 (1) As soon as practicable, and in any case within 3 days, after a financial services licensee becomes aware that it can no longer meet, or has breached, an obligation under section 912A or 912B, the licensee must give a written report to ASIC on the matter.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).

 (2) A financial services licensee must give written notice to ASIC, as soon as practicable, if the licensee becomes a participant in a licensed market or a licensed CS facility, or ceases to be such a participant. The notice must say when this happened and identify the market or facility.

Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).