Section 904H — Corporations Act 2001: ASIC’s power to give directions requiring special reports

(1) ASIC may give a derivative trade repository licensee a written direction requiring the licensee to give ASIC a special report on specified matters. (2) The direction may also require the licensee to give ASIC an audit report on the special report. ASIC must nominate a specified person or body that is suitably qualified to prepare the audit report. (3) The licensee must give the special report, and audit report (if required), to ASIC within the time required by the direction. Note: Failure to comply with this subsection is an offence (see subsection 1311(1)).