ASIC Financial Benchmark (Compelled) Rules 2018 (Cth)

ASIC Financial Benchmark (Compelled) Rules 2018

About this compilation

Compilation No. 1

This is a compilation of ASIC Financial Benchmark (Compelled) Rules 2018 as in force on 10 March 2022. It includes any commenced amendment affecting the legislative instrument to that date. This compilation was prepared by the Australian Securities and Investments Commission. The notes at the end of this compilation (the endnotes) include information about amending instruments and the amendment history of each amended provision. Contents

Chapter 1: Introduction Part 1.1 Preliminary Part 1.2 Interpretation Chapter 2: Mandatory generation or administration of a significant financial benchmark Chapter 3: Mandatory submissions to a significant financial benchmark Endnotes Endnote 1 – Instrument history Endnote 2 - Amendment history

Chapter 1: Introduction

Part 1.1 Preliminary

1.1.1 Enabling legislation

ASIC makes this instrument under section 908CD of the Corporations Act 2001.

1.1.2 Title

This instrument is the ASIC Financial Benchmark (Compelled) Rules 2018.

1.1.4 Entities that must comply with these Rules These Rules apply to benchmark administrator licensees and Contributors. Note: Section 908CF of the Act provides that a person (whether a benchmark administrator licensee or otherwise) must comply with the provisions of the compelled financial benchmark rules that apply to the person.

1.1.5 Penalties for a contravention of these Rules The maximum pecuniary penalty payable for a contravention of a provision of these Rules is an amount determined by the Court under section 1317G of the Corporations Act.

Part 1.2 Interpretation

1.2.1 Words and expressions defined in the Corporations Act Words and expressions defined in the Act for the purposes of the Act and for the purposes of Chapter 7 of the Act will, unless otherwise defined or specified in these Rules or the contrary intention appears, have the same meaning in these Rules. Note: For convenience, some words and expressions defined in the Act may be cross-referenced in Rule 1.2.2.