Section 853F — Corporations Act 2001 (Cth)

(1) A disqualified individual must not become involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee.

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

(2) A disqualified individual who is involved in a market licensee, a CS facility licensee, a derivative trade repository licensee or a benchmark administrator licensee must take all reasonable steps to ensure that he or she ceases to be involved in the licensee.

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

(3) A person contravenes this subsection if the person contravenes subsection (2).

Note: This subsection is a civil penalty provision (see section 1317E).

Related sections

• s 853C — Declaration by ASIC
• s 853D — Procedure for declaration
• s 853E — Revoking a declaration
• s 853G — Notification by ASIC
• s 853H — ASIC’s power to make financial market infrastructure banning orders
• s 853J — Individual to be given an opportunity to be heard before ASIC makes financial market infrastructure banning order

Research how courts apply s 853F

BriefBridge searches Australian caselaw by meaning — every answer cited to the paragraph.