Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p1
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 11–7101

ASIC Market Integrity Rules (Securities 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 ...................................................              7
            Part 1.3..Notice, notification and service of documents...................8
            Part 1.4..Interpretation..........................................9
            Part 1.5..Participants of multiple Markets............................36
            Part 1.6..Transitional............................................              36
            Chapter 2: Market Participants and Representatives..................38
            Part 2.1..Management requirements...............................38
            Part 2.2..Insurance and information requirements.....................39
            Part 2.3..Supervisory staff......................................41
            Part 2.5..Designated Trading Representatives (DTRs)..................41
            Part 2.6..Foreign Participants....................................42
            Chapter 3: Client relationships...................................44
            Part 3.1..Clients trading in products for first time......................44
            Part 3.2..Trading as Principal....................................51
            Part 3.3..Client instructions.....................................52
            Part 3.4..Reporting to Clients....................................53
            Part 3.4A.Multiple Markets—Single trade confirmations..................55
            Part 3.5..Client Money and Property...............................55
            Part 3.6..Prohibition of advice to Client.............................60
            Part 3.7..Dealing in Cash Market Products..........................61
            Part 3.8..Best execution obligation................................62
            Part 3.9..Policies and procedures.................................64
            Part 3.10.Disclosure to clients of best execution obligation...............65
            Part 3.11.Evidencing execution performance.........................66
            Chapter 4: Records ..............................................68
            Part 4.1..Trading records.......................................68
            Part 4.2..Records—General.....................................73
            Part 4.3..Access to records.....................................74
            Chapter 5: Trading ................................................76
            Part 5.1AA Transactions to be under the operating rules of a Market operator...76
            Part 5.1..Client order priority.....................................76
            Part 5.4..Transactions by connected persons (including persons connected with other Market Participants)              79
            Part 5.4A.Managing confidential Order information.....................80
            Part 5.4B.Order incentives......................................81
            Part 5.5..Participant's trading infrastructure..........................82
            Part 5.6..Automated Order Processing—Filters, conduct, and infrastructure..83
            Part 5.7..Manipulative trading....................................88
            Part 5.9..Fair and orderly markets.................................89
            Part 5.9A.Trading Suspensions...................................90
            Part 5.10.Dealing in Cash Market Products..........................90
            Part 5.11.Suspicious activity reporting..............................92
            Part 5.12.Market Bid—Announcements by Market Participant.............93
            Part 5.13.Acquisition of Cash Market Products during the Bid Period........94
            Part 5.14.Market Participant acting for Bidder or Issuer..................95
            Chapter 5A: Crossing Systems..................................96
            Part 5A.1.Reporting requirements for Crossing Systems.................96
            Part 5A.2.Disclosure requirements for Crossing Systems................97
            Part 5A.3.Fair treatment, fairness and priority in dealing and opting out by users of Crossing Systems ......              101
            Part 5A.4.Crossing Systems—Monitoring and suspicious activity reporting...102
            Part 5A.5.Crossing System Tick Sizes and system controls..............104
            Chapter 6: Pre- and Post-Trade Transparency......................106
            Part 6.1..Orders must be Pre-Trade Transparent.....................106
            Part 6.2..Pre-Trade Information—Exceptions........................109
            Part 6.3..Transactions must be post-trade transparent.................113
            Part 6.4..Delayed reporting.....................................123
            Chapter 7: Regulatory Data and data feeds........................126
            Part 7.1..Data feeds .........................................126
            Part 7.2..Information .........................................127
            Part 7.3..Material changes to operating rule procedures................128
            Part 7.4..Requirement to record and provide Regulatory Data............128
            Chapter 8: Extreme price movements.............................132
            Part 8.1AA Application .........................................132
            Part 8.1..Order entry controls for Anomalous Orders..................132
            Part 8.2..Extreme Trade Range.................................134
            Part 8.3..Transparent cancellation policies.........................138
            Chapter 8A: Market operators—Critical Business Services, Information Security and Business Continuity Plans              140
            Part 8A.1.Application and Definitions..............................140
            Part 8A.2.Trading controls......................................141
            Part 8A.3.Critical Business Services...............................141
            Part 8A.4.Information security...................................145
            Part 8A.5.Business Continuity Plans..............................145
            Part 8A.6.Governance.........................................148
            Chapter 8B: Market Participants—Critical Business Services, Information Security and Business Continuity Plans              149
            Part 8B.1.Application and Definitions..............................149
            Part 8B.2.Critical Business Services...............................150
            Part 8B.3.Information security...................................153
            Part 8B.4.Business