Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:6:p6
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 6 (pt 6/8)
Character Range: 261027–263807

there is an Auction on the Market to which the transaction will be reported, immediately after that Auction;

(iii)     if the transaction is executed outside of the times referred to in subparagraphs (i) and (ii), by no later than 15 minutes before the time Normal Trading Hours next resume, or at such earlier time as is required by the operating rules of the Market under which the Reporting Participant determines the transaction has taken place;

(b)       if the transaction is:

(i)         a Large Principal Transaction; or

(ii)       a Large Portfolio Trade in which the Reporting Participant acts as Principal as either buyer or seller,

as soon as practicable after the Reporting Participant is no longer exposed to risk as Principal in connection with the transaction, and by no later than the time set out in subrule (3).

(3) The Reporting Participant must report Post-Trade Information for a transaction referred to in paragraph (2)(b):

(a)        if the transaction is executed before 1.00 pm on a Trading Day, by no later than 15 minutes prior to the next Trading Day of the Market on which the Reporting Participant determines the transaction has taken place; or

(b)       if the transaction is executed after 1.00 pm on a Trading Day, by no later than 1.00 pm on the next Trading Day of the Market on which the Reporting Participant determines the transaction has taken place.

(4) The Reporting Participant must take reasonable steps to ensure that all Post-Trade Information it reports under subrule (2) is and remains complete, accurate and up to date.

(4A) Without limiting subrule (4), a Reporting Participant must have in place systems and controls to ensure that each transaction it reports under subrule (2) and (3) meets all of the criteria for:

(a)        the exception in subrule 6.1.1(2) relied upon by the Reporting Participant to enter into the transaction other than in accordance with subrule 6.1.1(1); and

(b)       the exception in paragraph (2)(b), if the Reporting Participant has relied upon that exception to report the transaction other than in accordance with the times set out in paragraph (2)(a).

(4B) A Reporting Participant that is notified by an Operator under paragraph 6.3.4A(3)(b) in relation to a transaction it has reported must immediately amend or cancel the transaction or take other appropriate measures in relation to the transaction, having regard to the Reporting Participant's obligations under this Rule and Rule 6.1.1.

(5) A Relevant Participant that enters into more than one transaction as Principal and in the same class of Relevant Products, at the same time and for the same price, for the purposes of executing a Buy Order of one client against a Sell Order of another client, must take reasonable