Clause 57

A clearing house shall provide such assistance to the Authority as the Authority may reasonably require for the performance of the functions and duties of the Authority, including the furnishing of such returns and the provision of such books and other information relating to the business of the clearing house or in respect of any dealings in securities or trading in futures contracts, any clearing arrangements for securities or futures contracts or any other specified information as the Authority may require for the proper administration of this Act.

A clearing house shall immediately notify the Authority if it becomes aware of a financial irregularity or other matter which in the opinion of the clearing house may indicate that the financial standing or integrity of a member is in question, or that a member may not be able to meet its legal obligations.

A clearing house which, without reasonable justification or excuse, contravenes subsection (1) or (2) shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 and, in the case of a continuing offence, to a further fine not exceeding $10,000 for every day or part thereof during which the offence continues after conviction.