Document ID: chunk:federal_register_of_legislation:F2024C01109:reg:4:p13
Version: federal_register_of_legislation:F2024C01109
Segment Type: reg
Provision Reference: reg 4 (pt 13/34)
Character Range: 154126–156949

an Auction is being conducted on the Relevant Order Book.
(2) Where a Market operator (other than the Responsible Market Operator) identifies that an ETR Event has occurred on an Order Book of its Market, that Market operator must immediately notify the Responsible Market Operator of the ETR Event.
(3) Where a technical problem (including a power outage) prevents a Market operator from making a notification referred to in subrule (2) immediately, the notification must be made to the Responsible Market Operator without delay by another appropriate means.

8.2.2C Requirement to impose Trading Pause
(1) Where the Responsible Market Operator:
 1.         identifies an ETR Event on an Order Book of its own Market; or
 2.        receives a notification of an ETR Event from another Market operator,
in relation to a Relevant Product, the Responsible Market Operator must immediately:
 1.         impose a Trading Pause on the Relevant Product for a period of two minutes; and
 1.        notify ASIC and the Market operator of each other Market on which the Relevant Product is quoted, that the Trading Pause has been imposed.
(2) A Market operator that receives a notification under paragraph (1)(d) must immediately place each Relevant Product the subject of the notification into a Trading Pause on its Market.
(3) A Market operator that places a Relevant Product into a Trading Pause in accordance with subrule (2) may only lift or remove that Trading Pause after that Market operator receives a notification under subrule (4) in relation to the same Relevant Product.
(4) The Responsible Market Operator must immediately notify ASIC and the Market operator of each other Market on which the Relevant Product is quoted when it lifts or removes the Trading Pause imposed on the Relevant Product under subrule (1).
(5) Where a technical problem (including a power outage) prevents the Responsible Market Operator from making a notification referred to in paragraph (1)(d) or subrule (4) immediately, the notification must be made to ASIC and the Market operator of each other Market on which the Relevant Product is quoted, without delay by another appropriate means.
(6) The Responsible Market Operator must make publicly available information concerning:
 1.         the fact that a Trading Pause will result from an ETR Event;
 2.        the length of a Trading Pause resulting from an ETR Event; and
 3.         how the Responsible Market Operator will resume trading in the Relevant Product on its Market after a Trading Pause resulting from an ETR Event.

8.2.3 Notification 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