Section 123ZZD

A person against whom a prohibition order is made must comply with the prohibition order.

Where a prohibition order is made against a person and notified to an authorised benchmark administrator or an exempt benchmark administrator, the authorised benchmark administrator or exempt benchmark administrator (as the case may be), must not employ the firstmentioned person to carry out the activity, or in connection with the activity, of administering a designated benchmark, or use the firstmentioned person’s service, information or expressions of opinion, to the extent that this is prohibited by the order.

Where a prohibition order is made against a person and notified to an authorised benchmark submitter, an exempt benchmark submitter or a designated benchmark submitter, the authorised benchmark submitter, exempt benchmark submitter or designated benchmark submitter (as the case may be) must not employ the firstmentioned person to carry out the activity, or in connection with the activity, of providing information in relation to a designated benchmark, use the firstmentioned person’s service, or pass on the firstmentioned person’s information or expressions of opinion, to the extent that this is prohibited by the order.

Any person who contravenes subsection (1) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $150,000 or to imprisonment for a term not exceeding 2 years or to both.

Any person who contravenes subsection (2) or (3) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000.