Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p47
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 125088–128116

transactions effected for the client are subject to:
(i)         the directions, decisions and requirements of the relevant Market operator, these Rules, the operating rules of the relevant Market, the Clearing Rules and where relevant, the Settlement Rules;
(ii)       the customs and usages of the relevant Market; and
(iii)     the correction of errors and omissions; and
(b)       subject to subrule (2), notifies the client as soon as practicable:
(i)         if the Market Participant entered into the client's Market transaction as Principal; that the Market Participant entered into the Market transaction as Principal; and
(ii)       if the client's Market transaction was executed as a Crossing, the execution code of the execution venue for the Crossing.

     (2) A Market Participant does not have to give the notifications in paragraph (1)(b) to a client if:

        (a)        the client has agreed not to receive such notifications; or

        (b)       the Market transaction is in respect of a financial product which is a Derivatives Market Contract.

(3) A Market Participant must keep a record of the notification referred to in paragraph (1)(a).

(4) ASIC may determine in writing the execution venue codes referred to in subparagraph (1)(b)(ii).

Note: Instruments made under subrule (4) are available on the Federal Register of Legislation. The register may be accessed at www.legislation.gov.au.

Part 3.4A Multiple Markets—Single trade confirmations

3.4A.1 Multiple Markets—Participant may produce single trade confirmation

If a Market Participant is required to give a confirmation to a client in accordance with section 1017F of the Corporations Act and Rule 3.4.1 (the Confirmation) and enters into a transaction on more than one Market for the purpose of completing a Client Order, the Participant may accumulate the transactions entered into on all Markets which complete the Client Order, on a single Confirmation and specify the volume weighted average price, rather than the price per unit, for all those transactions provided that:
(a)        the client authorised in writing the accumulation and price averaging of two or more transactions in a Confirmation at or before the time the Order was placed; and
(b)       if requested by the client, the Participant gives to the client a statement of all the individual prices of the relevant products, which are accumulated and averaged in the Confirmation.

Part 3.5 Client Money and Property

3.5.1 Trust accounts—Cash Market Transactions and Options Market Transactions

A Market Participant must establish one or more clients' trust accounts for money received by the Market Participant in connection with dealings in Cash Market Transactions or Options Market Transactions.

3.5.2 Segregated accounts or trust accounts—Futures Market Transactions

A Market Participant must establish either one or more clients' trust accounts or clients' segregated accounts for money received by the Market Participant in connection with dealings in: