Document ID: chunk:federal_register_of_legislation:F2016L01501:body:0:p2
Version: federal_register_of_legislation:F2016L01501
Segment Type: other
Provision Reference: 
Character Range: 2572–5252

products
(2) The operator must ensure that the financial products able to be traded on the financial market satisfy the following:
           (a) the financial products must be issued by the same person who must  be either the operator or an issuer who has appointed the operator to operate the financial market;
              Note: This paragraph applies to each financial market. If the operator operates 2 financial markets to which this instrument applies, the issuer of the financial products that are able to be traded on one market need not be the same as the issuer of the financial products that are able to be traded on the other market, provided those issuers are either the operator of the markets or an issuer who has the appointed the operator.
           (b) the financial products are of a kind mentioned in paragraphs 764A(1)(a), (b) or (ba) of the Act;
           (c) the financial products are not able to be traded on a licensed market.

Facilities for execution of orders
(3) The operator must ensure that the financial market does not have a mechanism for:
(a) the automatic execution of orders; or
(b) the automatic formation of contracts between market users that enter into a transaction through the market.
Settlement service
(4) The operator of the financial market must not handle the purchase money for the settlement of a transaction entered into through the market unless the operator holds an Australian financial services licence that authorises it to deal in the financial product to which the transaction relates.
Information to be given to new users
(5) Before a person uses the financial market for the first time, the operator of the market must give a written notice to the person containing statements to the following effect:
(a) the market is covered by an exemption under section 791C of the Act;
(b) the operator of the market is not licensed under Part 7.2 of the Act;
(c) the operator is not subject to the legal obligations that apply to the operator of a licensed market, including the requirement, to the extent that it is reasonably practicable to do so, to do all things necessary to ensure that the market is a fair, orderly and transparent market.
ASIC to be informed of changes to market
(6) The operator of the financial market must inform ASIC, in writing, of any significant change to the operation of the market as soon as practicable after the change occurs.
Notifying ASIC about non-compliance with conditions
(7) The operator of the financial market must notify ASIC in writing if the operator fails to comply with any of the conditions in this instrument. The operator must notify ASIC as soon as practicable after the