Essay: Regulation of Market licensees
Section 792 D of the Corporations Act 2001 have been breached as under this section, it is obligatory for a market licensee to provide the necessary assistance to ASCI. This section is part of Division Three- Regulation of Market licensees. Failure compliance is an offence of under subsection 1311(!).Under Division Three of the Australian Securities and Investments Commissions Act 2001, a person who destroys evidential matter would held for breach for this right under this divisions and the offence would be under Section seven.
B) The section 792 E of the Corporations Act 2001 says that it is mandatory for a market licensee to allow ASCI access to the market facilities and in this case, that section has been breached. This section is a part of Division three-Regulation of Market licensees. Failure of compliance is an offence under subsection 1311(1).Under Division Three of the Australian Securities and Investments Commissions Act 2001, a person who does not produce the required evidence could be breaching the right of ASCI to have access to information. The offence for such an offence is dealt under Division seven.