Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p83
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 219974–222777

Bid; or
(c)        acts for a company involved in a buy-back under Chapter 2J of the Corporations Act conducted On-Market on the Market where Cash Market Products in the Bid Class have been granted Official Quotation,

the Market Participant must not accept, or transact, an order to sell Cash Market Products in the Bid Class referred to in paragraph (a) or subject to the announcement referred to in paragraph (b) or subject to the buy-back referred to in paragraph (c) unless the Market Participant:
 1.        advises the seller that it is acting for the Bidder or that it is acting for the company involved in the buy-back and is thus unable to give the seller advice in respect of the proposed sale; and
(e)        does not give the seller any advice in respect of the proposed sale.

Chapter 5A: Crossing Systems

Part 5A.1 Reporting requirements for Crossing Systems

5A.1.1 Reporting requirements for Crossing Systems—Crossing System Initial Report
(1) A Market Participant that operates, or proposes to operate, a Crossing System must lodge with ASIC a report (the Crossing System Initial Report) which describes:
(a)        the date on which the Crossing System began operating, or will begin to operate, in this jurisdiction;
(b)       access to the Crossing System, including the criteria for determining persons who are eligible to use the Crossing System;
        (ba) if applicable, the information required by item 5, column 3, of the table in subrule 5A.2.1(2);
(c)        how Orders are prioritised and matched, and transactions are executed, on the Crossing System;
(d)       how the price for transactions on the Crossing System is determined;
(e)        the fees, commissions, rebates or other charges paid by or to the Market Participant and users of the Crossing System;
(f)        whether the Market Participant that operates the Crossing System deals as Principal with clients on the Crossing System and if so, the arrangements the Market Participant has in place for the management of conflicts of interest that may arise between the Market Participant and those clients;
(g)       the name of the Market or Markets to which:
(i)         transactions executed on the Crossing System are reported; and
(ii)       Orders matched on the Crossing System are transmitted for execution;
(h)       where more than one Market is named under paragraph (g), the circumstances in which each Market is used for the purposes set out in paragraph (g); and
(i)         whether Orders on the Crossing System are purged at the end of the day or remain on the Crossing System until matching or execution on the Crossing System next resumes, and if the Orders are not purged, the period of time they remain on the Crossing System.
(2) The Market Participant must lodge a Crossing System Initial