Section 820H — Corporations Act 2001: Revoking declarations that clearing and settlement facilities have a material connection with this jurisdiction

ASIC may, by written notice given to a body corporate, revoke a declaration made under subsection 820D(2) about a clearing and settlement facility operated by the body corporate if: (a) after having regard to subsection 820E(2), ASIC considers that the facility does not have a connection with this jurisdiction; or (b) after having regard to subsection 820E(3), ASIC no longer considers that the facility’s connection with this jurisdiction is material.