Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:5:p20
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 5 (pt 20/35)
Character Range: 355803–358799

(7) If a notification is made under subrule (6), the Participant must within seven days of the notification provide ASIC with a written report detailing:
 1.         the circumstances of the Major Event; and
 2.        the steps taken to manage the Major Event.

Review, update and testing of plans

(8) A Participant must:
 1.         review and test its Business Continuity Plans and the arrangements referred to in subrule (5):
        1.          at a frequency and in a manner appropriate to the nature, scale and complexity of the Participant's Critical Business Services, Participant Operations and Participant Services and to the Participant's structure and location; and
        2.        at a minimum:
               1.        each time there is a material change to the Participant's Critical Business Services, Participant Operations and Participant Services or to the Participant's structure and location; and
               2.        as soon as practicable after the occurrence of a Major Event; and
               3.        once every 12 months; and
 1.        update the Business Continuity Plans as required to ensure they comply with subrules (1) to (4).

Documentation of plans and testing

(9) A Participant must document:
 1.         its Business Continuity Plans; and
 2.        the scope and results of all reviews and testing performed in accordance with subrule (8),
     and must maintain that documentation for a period of at least seven years from the later of the date it is created or the date it is last amended.

Part 8B.5 Governance

8B.5.1 Responsibility for compliance

(1) A Participant must have appropriate governance arrangements and adequate financial, technological and human resources to comply with its obligation under this Chapter 8B.

(2) Without limiting subrule (1), the arrangements referred to in that subrule must include arrangements for the Participant's Board or senior management to have oversight of the establishment, implementation, maintenance, review, testing and documentation of the Participant's Business Continuity Plans.

Chapter 9: Market operators—Other obligations

Part 9.1 Trading Suspensions

9.1.1AA Application
(1) This Part applies to:
(a)        the operator of a Market on or through which offers to acquire or dispose of Equity Market Products are made or accepted, if those Equity Market Products are able to be traded on another Market;
(b)       the operator of the other Market referred to in paragraph (a) (in this Part, the Other Market Operator);
(c)        the operator of a CGS Market on or through which offers to acquire or dispose of CGS Depository Interests are made or accepted, if those CGS Depository Interests are able to be traded on another CGS Market; and
(d)       the operator of the other CGS Market referred to in paragraph (c) (in this Part, the Other CGS Market Operator).
(2) In this Part, Relevant Products means Equity Market Products and CGS Depository Interests.

9.1.1 Market operator to