(29)Section 46 of the FMA Act allows the FMA to accept enforceable undertakings from licensed benchmark administrators who have failed to comply with their regulatory requirements. Under Section 47 of the FMA Act, where the FMA considers that a person who has given an undertaking under Section 46 has breached a term of that undertaking, the FMA may apply to the Court for an order, including for the undertaking to be enforced.