Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p33
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 88393–91399

sufficient to establish that it is a related body corporate; and
(b)       confirmation from the related body corporate that it is the insurer or the self-insurer covering and indemnifying the Market Participant against the liabilities referred to in Rule 2.2.1 and a copy of the certificate evidencing the insurance.

2.2.4 Insurance requirements—Notification of claims
In relation to any liability or potential liability of the type referred to in Rule 2.2.1, a Market Participant must immediately notify ASIC of any notification to its insurer of any claim, potential claim or circumstance that might give rise to a claim and must include the following details:
 1.         any circumstance which is likely to give rise to a claim or potential claim against the Market Participant;
(b)       the receipt of a notice from any person of any intention to make a claim or potential claim against the Market Participant; and
(c)        the details of any claim, potential claim or circumstance against the Market Participant, including the gross contingent liability, the net contingent liability, the full name of the Market Participant's insurer and the date the Market Participant notified its insurer of the claim, potential claim or circumstance.

2.2.5 Information requirements—Obligation to notify of legal proceedings

If:
 1.         a Market Participant commences legal proceedings against, or has legal proceedings commenced against it by, another Market Participant of the same Market, a Clearing Participant, a regulatory authority or a client in connection with its role as a Market Participant; and
(b)       those legal proceedings may affect the operations of the operator of that Market, or the interpretation of these Rules or the operating rules of that Market,

the Market Participant must, upon commencing or upon becoming aware of the proceedings, immediately notify ASIC and the Market operator in writing of the particulars of the proceedings.

Part 2.3 Supervisory staff

2.3.2 Ongoing responsibilities of Market Participants in relation to supervisory staff

A Market Participant must ensure that its supervisory staff:
 1.         supervises the design and implementation activities and the functioning and review of the operations and processes referred to in Rule 2.1.1;
(b)       is accountable to the Market Participant for the effective design, implementation, functioning and review of the operations and processes referred to in paragraph (a).

Part 2.5 Designated Trading Representatives (DTRs)

2.5.1 Trading in a Trading Platform
A Trading Participant must ensure that all trading in a Trading Platform by the Trading Participant is carried out either:
 1.         by DTRs; or
(b)       in accordance with the Automated Order Processing Requirements.

2.5.2 Trading Participant must have a DTR
A Trading Participant must have at least one DTR.

2.5.3 DTRs may submit Trading Messages
A Trading Participant must ensure that only its DTRs submit Trading Messages into