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Recital 30

Recital 30

(30)Section 448D of the FMC Act enables the FMA to direct a licensed benchmark administrator to continue to generate or operate a benchmark in a particular way where it considers it necessary or desirable to promote any of the purposes referred to in Section 448B of the FMC Act. Section 448C of the FMC Act enables the FMA to direct a contributor to provide information or data to a licensee, or another entity, where the provision of that information or data is necessary or desirable for the generation or operation of the financial benchmark specified in a licence.

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