Document ID: chunk:federal_register_of_legislation:F2024C01109:reg:4:p4
Version: federal_register_of_legislation:F2024C01109
Segment Type: reg
Provision Reference: reg 4 (pt 4/34)
Character Range: 131174–134043

or misleading appearance with respect to the market for, or the price for trading in, financial products on a financial market operated in this jurisdiction,
        whether or not the Market Participant is aware of:
(v)       the intention of any party to the transaction or Order; or
(vi)      all of the details of the transaction or Order,
the Market Participant must, as soon as practicable, notify ASIC in writing of the details of the transaction or Order (to the extent known to the Participant) and the reasons it suspects the matter set out in paragraphs (a) and/or (b).
(2) A Market Participant is not required to notify ASIC under subrule (1) if the Market Participant has reported the information that would otherwise be required to be contained in the notification to ASIC under subrule (1) to the Australian Transaction Reports and Analysis Centre under section 41 of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 or under section 16 of the Financial Transaction Reports Act 1988.

5.4.3 Confidentiality
A Market Participant who notifies ASIC under subrule 5.4.2(1) must not disclose that the notification was made, or the information contained in the notification, to any person other than:
(a)        for the purposes of seeking legal advice; or
(b)       as required by law.

Part 5.5 Crossing System system controls

5.5.1 Crossing System—Efficiency and integrity controls
(1) A Market Participant that operates a Crossing System must at all times have appropriate automated filters designed to ensure the efficiency and integrity of the Crossing System.
(2) A Market Participant that operates a Crossing System must ensure it has controls that enable immediate:
(a)        suspension of, limitation of, or prohibition on, the entry into any Crossing System operated by the Market Participant of Orders in a series of related Orders where the Market Participant has identified that Orders in the series have entered the Crossing System operated by the Market Participant and have interfered with or are likely to interfere with the efficiency or integrity of the Crossing System; and
(b)       cancellation of Orders in a series that have already entered a Crossing System operated by the Market Participant where the entry of further Orders in the series has been suspended, limited or prohibited under paragraph (a).

Chapter 7: Margins and right of Close Out

Part 7.1 Interpretation

7.1.1 Definitions
In this Chapter:
Approved Ratings Agency means a credit rating agency holding an Australian financial services licence authorising it to give general advice by issuing a credit rating.
Approved Securities means securities appearing on the list below for which a Trading Participant has, and is able to demonstrate, direct control over and authority to liquidate:
(a)        a letter of credit or guarantee in favour of the