Document ID: chunk:federal_register_of_legislation:F2024C01109:front:0:p43
Version: federal_register_of_legislation:F2024C01109
Segment Type: other
Provision Reference: 
Character Range: 112133–115038

and character or high business integrity if the person has been:
(i)         convicted of any offence;
(ii)       disciplined by or adversely mentioned in a report made by, or at the request of, any government or governmental authority or agency;
(iii)     adversely mentioned in a report made by, or at the request of, a Market operator, a Clearing Facility, a Settlement Facility or any other exchange, market operator or clearing and settlement facility; or
(iv)      disciplined by a Market operator, a Clearing Facility, a Settlement Facility or any other exchange, market operator or clearing and settlement facility.
Note: Market Participants are subject to an equivalent rule (see: Part 2.2).

Chapter 5: Crossing Systems

Part 5.1AA Application

5.1AA.1 Application of Chapter
This Chapter applies to:
 1.         Participants of the ASX 24 Market; and
(c)        Orders and transactions in financial products able to be traded on the ASX 24 Market,
unless otherwise specified in each Rule.

Part 5.1 Reporting requirements for Crossing Systems

5.1.1 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 5.2.1(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 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.