Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The same Australian market licence may authorise the licensee to operate 2 or more financial markets.
(2) In that case, a reference to the market to which an Australian market licence relates is taken instead to be a reference to each of those financial markets severally.
(3) Before varying the conditions on an Australian market licence so as to add another market that the licensee is authorised to operate, ASIC must be satisfied of the matters listed in subsection 795B(1) or (2) (as appropriate) in relation to the market.
(4) An Australian market licence that authorises the licensee to operate 2 or more financial markets may be suspended or cancelled under Subdivision C in respect of one or some of those markets only, as if the licensee held a separate licence for each of the markets.