Document ID: chunk:federal_register_of_legislation:F2024C01109:front:0:p1
Version: federal_register_of_legislation:F2024C01109
Segment Type: other
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Character Range: 8–6311

ASIC Market Integrity Rules (Futures Markets) 2017
        made under subsection 798G of the Corporations Act 2001

        Compilation No. 6
                            Compilation date: 15 October 2024
                            Includes amendments up to:  ASIC Market Integrity Rules (Amendment) Instrument 2024/774 (F2024L01303)

Contents
            Chapter 1: Introduction.........................................4
            Part 1.1..Preliminary ...........................................4
            Part 1.2..Waiver ...................................................6
            Part 1.3..Notice, notification and service of documents...................7
            Part 1.4..Interpretation..........................................7
            Part 1.5..Participants of multiple Markets............................16
            Part 1.6..Transitional............................................              17
            Chapter 2: Market Participants...................................18
            Part 2.1..Notification ..........................................18
            Part 2.2..Supervision and risk management.........................18
            Part 2.3..Account reconciliation obligations..........................28
            Part 2.4..Foreign Participants....................................33
            Chapter 3: Trading principles....................................35
            Part 3.1..Trading principles for Orders entered on the Trading Platform......35
            Part 3.2..Strategy Trading......................................43
            Part 3.3..Pre-negotiated business orders............................43
            Part 3.4..Trading principles for Block Trades.........................45
            Part 3.5..Trading principles for Exchange For Physical transactions........45
            Part 3.6..Suspicious activity reporting..............................46
            Chapter 4: The Market operator..................................48
            Part 4.1..Provision of surveillance and supervision data by the Market operator48
            Part 4.2..Provision of information about Market Participants..............49
            Part 4.3..Record keeping.......................................49
            Part 4.4..Supervision and risk management.........................50
            Chapter 5: Crossing Systems....................................52
            Part 5.1AA Application ..........................................52
            Part 5.1..Reporting requirements for Crossing Systems.................52
            Part 5.2..Disclosure requirements for Crossing Systems................53
            Part 5.3..Fair treatment, fairness and priority in dealing and opting out by users of Crossing Systems                            57
            Part 5.4..Crossing Systems—Monitoring and suspicious activity reporting....58
            Part 5.5..Crossing System system controls..........................60
            Chapter 7: Margins and right of Close Out..........................61
            Part 7.1..Interpretation.........................................61
            Part 7.2..Obligations for Trading Participants.........................62
            Chapter 8: Extreme price movements.............................66
            Part 8.1A.Application ..........................................66
            Part 8.1..Order entry controls for Anomalous Orders...................66
            Part 8.2..Extreme Trade Range..................................67
            Part 8.3..Transparent cancellation policies..........................71
            Chapter 8A: Market operators—Critical Business Services, Information Security and Business Continuity Plans              72
            Part 8A.1.Application and Definitions...............................72
            Part 8A.2.Trading controls.......................................73
            Part 8A.3.Critical Business Services...............................73
            Part 8A.4.Information security....................................76
            Part 8A.5.Business Continuity Plans...............................77
            Part 8A.6.Governance..........................................79
            Chapter 8B: Market Participants—Critical Business Services, Information Security and Business Continuity Plans              81
            Part 8B.1.Application and Definitions...............................81
            Part 8B.2.Critical Business Services...............................82
            Part 8B.3.Information security....................................85
            Part 8B.4.Business Continuity Plans...............................86
            Part 8B.5.Governance..........................................88
            Schedule ...................................................................89
            Form 1 Part 1 .........................................................89
            Form 1 Part 2 .........................................................90
            Endnotes ...............................................................92
            Endnote 1—About the endnotes...................................92
            Endnote 2—Abbreviation key.....................................93
            Endnote 3—Legislation history....................................94
            Endnote 4—Amendment history...................................95

Chapter 1: Introduction

Part 1.1 Preliminary

1.1.1 Enabling legislation
ASIC makes this instrument under subsection 798G(1) of the Corporations Act.

1.1.2 Title
This instrument is ASIC Market Integrity Rules (Futures Markets) 2017.

1.1.4 Scope of these Rules
These Rules apply to:
(a)        the activities or conduct of the Markets;
(b)       the activities or conduct of persons in relation to the Markets; and
(c)        the activities or conduct of persons in relation to financial products traded on the Markets,
as specified in each Chapter, Part or Rule.

1.1.5 Entities that must comply with these Rules
The following entities must comply with these Rules:
(a)        Market operators;
(b)       Market Participants; and
(c)        Other Regulated Entities,
as specified in each Rule.

1.1.5A Penalties for