Document ID: chunk:federal_register_of_legislation:F2024C01109:reg:4:p15
Version: federal_register_of_legislation:F2024C01109
Segment Type: reg
Provision Reference: reg 4 (pt 15/34)
Character Range: 159375–162493

by or to the Market operator will be cancelled;
Note: Under subrule 8.2.2B(1) and paragraph 8.2.4(2)(a), a Market operator must identify when an ETR Event, including the execution of a transaction in the Extreme Trade Range, occurs on its Market and must have in place adequate arrangements for identifying when an ETR Event occurs on its Market.
 1.        set out the circumstances, if any, in which transactions in Relevant Products other than transactions referred to in paragraph (a):
        1.          will be cancelled;
        2.        may be cancelled subject to a discretion; or
        3.      will not be cancelled;
 2.         provide for the timely cancellation of transactions in Relevant Products; and
 3.        describe how the Market operator will communicate with relevant Market Participants about the cancellation of transactions in Relevant Products.
(3) A Market operator must comply with its policies and procedures required under subrule (1).
(4) A Market operator must ensure that the policies and procedures it has in place to comply with subrule (1), and any changes to those policies and procedures, are made available to Participants of its Market before those policies and procedures, or those changes, take effect.

Chapter 8A: Market operators—Critical Business Services, Information Security and Business Continuity Plans

Part 8A.1 Application and Definitions

8A.1.1 Application of Chapter
This Chapter applies to Market operators.

8A.1.2 Definitions
In this Chapter:
Business Continuity Plans has the meaning given by Rule 8A.5.1.
Critical Business Services, in relation to a Market operator, means functions, infrastructure, processes or systems which in the event of failure to operate effectively, would or would be likely to cause significant disruption to the Market operator's Market Operations or materially impact the Market operator's Market Services.
Note: Critical Business Services referred to in this definition would generally include but are not limited to, functions, infrastructure, processes and systems that deliver or support order entry, routing and matching, trade execution, dissemination of market data, trading risk management, market surveillance, reporting of executed trades to a clearing and settlement facility and regulatory data reporting.
Critical Business Services Arrangements has the meaning given by Rule 8A.3.1.
Incident has the meaning given by subparagraph 8A.5.1(6)(a)(i).
Information Asset means information and information technology, including software, hardware and data (both soft and hard copy).
Major Event has the meaning given by Rule 8A.5.1.
Market Operations, in relation to a Market operator, means the operations, activities and conduct of the Market operator's Market or of the Market operator in connection with that Market.
Market Services, in relation to a Market operator, means the services, data and associated products provided by the Market operator in connection with the Market operator's Market.
Outsourcing Arrangement means an arrangement between a Market operator and another person (Service Provider) under