Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:5:p25
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 5 (pt 25/35)
Character Range: 368827–371617

their trading, compliance monitoring and reporting systems, the Market operator must take reasonable steps to ensure that person has in place arrangements referred to in subrule (1).

Part 9.4 Tick Sizes

9.4.1AA Application
This Part applies to:
(a)        the operator of a Market on or through which offers to acquire or dispose of Equity Market Products are made or accepted, if those Equity Market Products are able to be traded on another Market;
(b)       the operator of the other Market referred to in paragraph (a) (in this Part, the Other Market Operator);
(c)        the operator of a CGS Market on or through which offers to acquire or dispose of CGS Depository Interests are made or accepted, if those CGS Depository Interests are able to be traded on another CGS Market; and
(d)       the operator of the other CGS Market referred to in paragraph (c) (in this Part, the Other CGS Market Operator).

9.4.1 Market operators to use standard Tick Sizes
(1) Subject to subrule (2), a Market operator must not accept, display or queue orders in an Order Book in Tick Sizes less than:
(a)        $0.01 for an Equity Market Product priced at equal to or greater than $2.00;
(b)       $0.005 for an Equity Market Product priced at equal to or greater than $0.10 and less than $2.00;
(c)        $0.001 for an Equity Market Product priced at less than $0.10; and
(d)       $0.001 for a CGS Depository Interest.
(2) Subrule (1) does not apply to an order that, if executed, would result in a Block Trade, Large Portfolio Trade or, in the context of Rule 6.2.3, a transaction at the Best Mid-Point.

Part 9.5 Record keeping

9.5.1 Market operators to keep records which demonstrate compliance
A Market operator must keep records that enable it to demonstrate that it has complied with its obligations under the Rules and Part 7.2 of the Corporations Act, including without limitation records which:
(a)        demonstrate the Market operator has adequate arrangements for operating the market, such as records relating to:
 1.          handling conflicts between the commercial interests of the Market operator and the need for the Market operator to ensure that the Market operates in a way which is fair, orderly and transparent;
(ii)       the Market operator's monitoring and enforcement of its operating rules, such as records relating to:
 1.        decisions made by the Market operator in relation to each application for a financial product to be traded on its Market;
(B)       decisions made by the Market operator in relation to each application for admission as a Participant of its Market;
(C)       compliance by an Issuer with its continuous disclosure obligations and periodic disclosure obligations;
(D)       each market-related dispute made to the Market operator, its