Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p28
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 75161–78132

underlies that Option Series or Futures Series;
(b)       in relation to Warrants, the financial product, index, foreign or Australian currency or commodity which underlies that Warrant; and
(c)        in relation to AQUA Products and other financial products, the financial product, index, foreign or Australian currency, commodity or other point of reference for determining the value of the relevant product.
Underlying Market means, in relation to a Derivatives Market Contract, a market in the instruments, commodities, securities or other things which underlie the Derivatives Market Contract.
Under the Rules of, in relation to a Market, means executed on an Order Book or reported to a Market operator in accordance with these Rules and the operating rules (including written procedures made under the operating rules) of the relevant Market.
Unprofessional Conduct includes:
 1.         conduct which amounts to impropriety affecting professional character and which is indicative of a failure either to understand or to practise the precepts of honesty or fair dealing in relation to other Market Participants, clients or the public;
(b)       unsatisfactory professional conduct, where the conduct involves a substantial or consistent failure to reach reasonable standards of competence and diligence; and
(c)        conduct which is, or could reasonably be considered as likely to be, prejudicial to the interests of a Market operator or Market Participants,
by a Market Participant, or an Employee, whether in the conduct of the Market Participant's business as a Market Participant or in the conduct of any other business, and need not involve a contravention of these Rules or any law.
UTC(AUS) means the output of the caesium atomic clock designated as UTC(AUS) by the National Measurement Institute division of the Commonwealth Department of Innovation, Industry, Science and Research.
Warrant has the meaning given by regulation 1.0.02 of the Corporations Regulations 2001.
Warrant-Issuer means an entity approved by a Market operator to issue Warrants.
Wholesale Client Agreement means the agreement between a Trading Participant and a client lodged with a Clearing Facility in accordance with paragraph 3.1.12(d) and Rule 3.1.13
Wholesale Client's Instructions has the meaning given by subrule 3.8.1(4).

1.4.4 Responsible Market Operator for CGS Depository Interests
(1) In these Rules, Responsible Market Operator in relation to a CGS Depository Interest means:
(a)        if the CGS Depository Interest is able to be traded only on one Market, the operator of that Market; or
(b)       if the CGS Depository Interest is able to be traded on more than one Market, the Market operator determined by ASIC in writing.
(2) An instrument referred to in paragraph (1)(b) takes effect on the later of the date specified in the instrument or 60 business days after the instrument is registered.
Note: Instruments made under paragraph (1)(b) are available on