Document ID: chunk:federal_register_of_legislation:F2024C01109:reg:4:p14
Version: federal_register_of_legislation:F2024C01109
Segment Type: reg
Provision Reference: reg 4 (pt 14/34)
Character Range: 156712–159620

of transactions in Extreme Trade Range
If a transaction is executed on a Market within the Extreme Trade Range for a Relevant Product, the operator of that Market must, as soon as practicable after becoming aware that the transaction was executed:
 1.         notify ASIC and the operators of all other Markets on which that Relevant Product is quoted, of the price and time at which the relevant transaction was executed;
 2.        notify the Market Participants that executed the relevant transaction, that the transaction was executed in the Extreme Trade Range; and
 3.         make publicly available the price and time of the relevant transaction, or, where more than one transaction in the same Relevant Product was executed in the Extreme Trade Range on the relevant Market at or around the same time, the range of prices and times at which such transactions were executed, and the total number of such transactions.

8.2.4 Market operator arrangements in relation to Extreme Trade Range
(1) The Responsible Market Operator must have in place adequate arrangements for notifying ASIC and other Market operators of Reference Prices in accordance with subrule 8.2.2(2), and the imposition and lifting or removal of a Trading Pause under paragraph 8.2.2C(1)(d) and subrule 8.2.2C(4).
(2) A Market operator must have in place adequate arrangements for:
 1.         identifying when an ETR Event occurs on its Market, in accordance with subrule 8.2.2B(1);
(ab) notifying the Responsible Market Operator that an ETR Event has occurred on its Market, in accordance with subrule 8.2.2B(2), unless the Market operator is the Responsible Market Operator;
 1.        notifying ASIC, other Market operators and the relevant Market Participants once the Market operator has become aware that a transaction was executed on its Market in the Extreme Trade Range, in accordance with paragraphs 8.2.3(a) and (b); and
 2.         making publicly available the price and time of a transaction executed in the Extreme Trade Range, and, where applicable, the range of prices and times, and total number, of transactions executed in the Extreme Trade Range at or around the same time, in accordance with paragraph 8.2.3(c).

Part 8.3 Transparent cancellation policies

8.3.1 Market operator to have transparent cancellation policies
(1) A Market operator must have adequate policies and procedures for the cancellation of transactions in Relevant Products entered into on its Market.
(2) A Market operator's policies and procedures under subrule (1) must:
 1.         include a policy that all transactions executed on its Market within the Extreme Trade Range and identified by or to the Market operator will be cancelled;
Note: Under subrule 8.2.2B(1) and paragraph 8.2.4(2)(a), a Market operator must identify when an ETR Event, including the execution of a transaction in the Extreme Trade Range, occurs on its Market