Document ID: chunk:federal_register_of_legislation:F2024L01032:front:0:p2
Version: federal_register_of_legislation:F2024L01032
Segment Type: other
Provision Reference: 
Character Range: 3571–6579

3 Item 15 Paragraph 2.2.4(2)(b)
     Repeal the item.

Schedule 2—Amendments

ASIC Derivative Transaction Rules (Reporting) 2024
    1 Rule 1.2.3 (definition of clearing member)
    Omit "operating rules", substitute "Operating Rules".
    2 Rule 1.2.3 (definition of Operating Rules)
    Relocate the definition to its appropriate alphabetical position, determined on a letter-by-letter basis.
    3 Rule 1.2.3 (definition of Part 7.2A Market)
Repeal the definition, including the note.
    4 Rule 1.2.3 (definition of Regulated Foreign Market)
Repeal the definition.
    5 Subrule 1.2.4(2)
Repeal the subrule, substitute:
(2) In these Rules a Derivative is not an OTC Derivative if:
        (a)        the Derivative is able to be traded (within the meaning of section 9 of the Act) on an authorised financial market and the entry into of the arrangement that is the Derivative:
           (i)         takes place on an authorised financial market, or is reported to the operator of an authorised financial market in its capacity as operator of the authorised financial market, in accordance with the Operating Rules of the authorised financial market; and
           (ii)       ASIC has made a determination under subrule (3) that specifies the Derivative for the purposes of this paragraph; or
        (b)       the Derivative is able to be traded (within the meaning of section 9 of the Act) on an authorised financial market and the entry into of the arrangement that is the Derivative:
           (i)         takes place on an authorised financial market, or is reported to the operator of an authorised financial market in its capacity as operator of the authorised financial market, in accordance with the Operating Rules of the authorised financial market; and
           (ii)       is in accordance with the Operating Rules of the authorised financial market; and
           (iii)     the terms of the Derivative are documented under or prescribed by the Operating Rules of the authorised financial market; and
           (iv)      the Derivative is made available in one or more series in accordance with the Operating Rules of the authorised financial market and the terms of the arrangement constituting the Derivative, including the amount or size of the Derivative specified by the operator of the authorised financial market, are the same as for every other Derivative in the same series, with the exception of the price; and
           (v)       is not specified in a determination made by ASIC under subrule (3) for the purposes of this paragraph.
    6 Subrule 1.2.4(2A)
Repeal the subrule.
    7 Subrule 1.2.4(3)
Repeal the subrule, substitute:
     (3) ASIC may determine from time to time, to specify, for the purposes of paragraph (2)(a) or (b):
        (a)        a Derivative or a class of Derivatives able to be traded on any authorised financial market; or
        (b)       a Derivative or a class of Derivatives able to be traded on a particular authorised financial market or