77. Obligation in relation to customers’ money and assets held by recognised clearing house

relating to how any money or assets deposited with or paid to a recognised clearing house by its members, for or in relation to any contracts of the customers of those members, are to be held by the recognised clearing house and, in particular, requiring any such money or assets to be deposited in trust accounts or custody accounts;

relating to the circumstances under which, and the purposes for which, the money or assets referred to in paragraph (a) may be used by the recognised clearing house;

relating to how the recognised clearing house may invest the money or assets referred to in paragraph (a); and

for any other purpose relating to the handling of the money or assets referred to in paragraph (a).

that a contravention of any specified provision thereof shall be an offence; and

for a penalty not exceeding a fine of $150,000 and, in the case of a continuing offence, for a further penalty not exceeding $15,000 for every day or part of a day during which the offence continues after conviction.