Document ID: chunk:federal_register_of_legislation:F2024C01108:front:0:p69
Version: federal_register_of_legislation:F2024C01108
Segment Type: other
Provision Reference: 
Character Range: 183439–186207

Market Participant if the Post-Trade Information has been made available by a Market operator under Rule 6.3.4;
(e)        Post-Trade Information about transactions resulting from Orders received by a Market Participant if it is necessary to disclose that Post-Trade Information for confirmation or billing purposes;
(f)        information about Orders or transactions disclosed to a person that:
(i)         maintains or services the Market Participant's internal Order management system(s) or Crossing System(s) and who has agreed, in writing, to limit its use of the Order and transaction information disclosed to it to the purposes of that maintenance or service; or
(ii)       provides Administrative Services or analytical services to or for the Market Participant in relation to Orders and transactions and who has agreed, in writing, to limit its use of the Order and transaction information disclosed to it to the purposes of those Administrative Services or analytical services, as applicable.
(3) For the purposes this Rule, Administrative Services includes Order routing or execution services.

Part 5.4B Order incentives

5.4B.1 Prohibition on Order incentives
(1A) In this Rule Order means an instruction to purchase or sell, or an instruction to amend or cancel a prior instruction to purchase or sell:
 1.         an Equity Market Product; or
(b)       a CGS Depository Interest.
(1) Where a Market Participant handles or executes an Order as a result of an arrangement with another person (the other person) to direct Orders to the Market Participant, the Market Participant:
 1.         must not, indirectly or directly, make a cash payment to the other person or an associate of the other person for the opportunity to handle or execute those Orders, if the cash payment is greater than the dollar value of the Market Participant's Commission in relation to the Orders; and
 1.        must take reasonable steps to ensure that the other person has not, indirectly or directly, made a cash payment to a third party (the third party) or an associate of the third party to procure the handling or execution of Orders from the third party or a client of the third party, if the cash payment is greater than the dollar value of any payment made, or to be made, by the third party (including a payment made, or to be made, by a client of the third party) to the other person, for directing the Orders to the other person.
(2) For the purposes of subrule (1):
associate of the other person or third party includes any director, officer, employee or associated or related company of the other person or of the third party, as the case may be.
Market Participant's Commission in relation to the Orders means the dollar value of any payment received, or to be