Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p73
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 194084–197140

the Trading Participant's procedures for implementation of subsequent changes to the Automated Order Processing software, filters and filter parameters, and other relevant documentation concerning the Trading Participant's compliance with Part 5.6 of these Rules, for the relevant Market.

5.6.5 Representations as to organisational and technical resources, trading management arrangements and security arrangements, prior to use of Automated Order Processing system
(1) Before using their system for Automated Order Processing in relation to a Market, a Trading Participant must, for the purposes of providing the certification referred to in Rule 5.6.6, obtain written representations that the Trading Participant has in place organisational and technical resources, arrangements and controls in relation to the system for Automated Order Processing that meet the requirements of Rule 5.6.3, for the relevant Market.
(2) The representations referred to in subrule (1) must:
 1.         be provided by persons who are suitably qualified and experienced in relation to the organisational and technical resources, arrangements and controls for which they are making the representation;
(b)       include the name of the person making the representation;
(c)        be signed and dated by the person making the representation; and
(d)       set out the methodology used by the person to enable them to make the representation.

5.6.6 Certification of Automated Order Processing system
(1) Before using their system for Automated Order Processing in relation to a Market, a Trading Participant must, for the relevant Market:
 1.         give a written certification (AOP Initial Certification) to ASIC that includes the matters set out in subrule (2); and
(b)       receive a written confirmation from ASIC that the AOP Initial Certification complies with subrule (2).
(2) The AOP Initial Certification given by the Trading Participant to ASIC must include:
 1.         the name of the Trading Participant;
(b)       the version number and name of the Trading Participant's Automated Order Processing system;
(c)        copies of the representations required by Rule 5.6.5 in relation to the system referred to in paragraph (b);
(d)       a confirmation by the Trading Participant that:
 1.          the Trading Participant has performed the review required by Rule 5.6.4 and that nothing came to the attention of the Trading Participant during the course of that review which would indicate that the Trading Participant is unable to comply with Part 5.6 of these Rules;
(ii)       based on the review required by Rule 5.6.4 and the representations required by Rule 5.6.5, the Trading Participant's Automated Order Processing system:
 1.        does, or does not, permit Automated Client Order Processing, as the case may be; and
(B)       meets the requirements of Rule 5.6.3; and
(iii)     the representations required by Rule 5.6.5 have been made by persons whom the Trading Participant considers to be suitably qualified and experienced in relation to the