Section 902A — Corporations Act 2001 (Cth)

(1) ASIC has the function of supervising licensed derivative trade repositories.

(2) If a licensed derivative trade repository is wholly or partly operated in a foreign country, ASIC may, to such extent as ASIC considers appropriate, perform the function of supervising the repository by satisfying itself:

(a) that the regulatory regime that applies in relation to the repository in that country provides for adequate supervision of the repository; or

(b) that adequate cooperative arrangements are in place with an appropriate authority of that country to ensure that the repository will be adequately supervised by that authority.

Related sections

• s 901K — Ministerial consent to rules required
• s 901L — Emergency rules: consultation and consent not required
• s 901M — Amendment and revocation of derivative transaction rules
• s 903A — ASIC may make derivative trade repository rules
• s 903B — Rules may only impose requirements on operators and officers of licensed derivative trade repositories
• s 903C — Regulations may limit how rules may deal with matters related to derivative trade data

Research how courts apply s 902A

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