Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:6:p7
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 6 (pt 7/8)
Character Range: 263593–266545

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 steps to ensure that those transactions are reported as a single transaction.

6.3.2 Reporting Participant

(1) In these Rules, Reporting Participant means, in relation to a transaction:

(a)        where a Relevant Participant is the only party to the transaction that is required to comply with these Rules, the Relevant Participant; or

(b)       where more than one party to the transaction is required to comply with these Rules, the Executing Participant.

(2) In subrule (1), Executing Participant means:

(a)        the Relevant Participant that receives the Order and executes the transaction without transmitting the Order to another Relevant Participant (for example, a Relevant Participant that executes an Order on its own Crossing System); or
(b)       if both Relevant Participants satisfy paragraph (a) (for example, Relevant Participants that manually negotiate a transaction):
(i)         the Relevant Participant that is the seller, or is acting on behalf of the seller; or
(ii)       as otherwise agreed between the Relevant Participants.
(3) If a Relevant Participant is determined to be the Executing Participant in accordance with subparagraph (2)(b)(ii), the Relevant Participant that is the seller, or is acting on behalf of the seller, must document the agreement reached.
(4) Each Relevant Participant that is a party to a transaction to which subrule 6.3.1(1) applies must take reasonable steps to determine, prior to the transaction being executed, which party is the Reporting Participant.

6.3.3 Application to constituent parts of portfolio trade
Where a Relevant Participant enters into a single agreement to buy or sell more than one class of Relevant Products, the Relevant Participant may consider each class of Relevant Products to be bought or sold under the agreement as a separate transaction for the purposes of determining whether that transaction is a Large Principal Transaction.

6.3.4 Operator to immediately make available Post-Trade Information
(1) An Operator must make available Post-Trade Information for each Market it operates:
(a)        for transactions executed or reported during Trading Hours, Continuously and in Real-Time; and
(b)       for transactions executed or reported outside of Trading Hours, before Trading Hours next resume,
to all persons in this jurisdiction who have entered into an arrangement with the Operator to access the Post-Trade Information on that basis.
(1A) An Operator must keep records of the Post-Trade Information referred to in subrule (1) for a period of seven years.
(2) The Operator must take reasonable steps to ensure that Post-Trade Information it makes available under subrule (1) is and remains complete, accurate and up to date.

6.3.4A