Document ID: chunk:federal_register_of_legislation:F2024C01108:reg:5:p4
Version: federal_register_of_legislation:F2024C01108
Segment Type: reg
Provision Reference: reg 5 (pt 4/35)
Character Range: 310584–313384

Equity Market Products admitted to quotation on the ASX Market);
(b)       the central Order Book of the Responsible Market Operator for CGS Depository Interests (in the case of CGS Depository Interests);
        (cb) the central order book of Chi-X (in the case of Equity Market Products admitted to quotation under the operating rules of the Chi-X Market),
must determine the Reference Price for each Relevant Product for that Order Book after each Trading Reset on that Order Book, as:
(d)       the price of the first transaction after a Trading Reset; or
(e)        if paragraph (d) applies and the price of the first transaction after a Trading Reset is Invalid, a price determined by the Operator, acting reasonably, to be not Invalid,
until the Operator receives a notification of the Reference Price for the Relevant Product under paragraph (2)(b).
Note: Under subrules 9.2.1(1) and (6), the relevant Responsible Market Operator for Equity Market Products must provide notifications under paragraph 8.2.2(2)(b) to other Operators through an electronic data feed, and need only make a notification in relation to a particular Equity Market Product to an Operator that has notified it will quote the Equity Market Product on its Market

8.2.2A Requirement to prevent extreme price movements
An Operator must have in place adequate controls to prevent a transaction in a Relevant Product executing on an Order Book (Relevant Order Book) of its Market in the Extreme Trade Range for the Relevant Product, at all times during a Trading Day other than at a time during which:
 1.         Orders are not matched and transactions are not executed on a continuous basis on the Relevant Order Book; or
 2.        an Auction is being conducted on the Relevant Order Book.

8.2.2B Requirement to identify and notify of ETR Event
(1) An Operator must identify when an ETR Event occurs on an Order Book (Relevant Order Book) of its Market, at all times on a Trading Day other than at a time during which:
(a)        orders for financial products are not matched and transactions are not executed on a continuous basis on the Relevant Order Book; or
(b)       an Auction is being conducted on the Relevant Order Book.

(2) Where an Operator (other than the Responsible Market Operator) identifies that an ETR Event has occurred on an Order Book of its Market, the Operator must immediately notify the Responsible Market Operator of the ETR Event, subject to subrule 9.2.1(1).

(3) Where a technical problem (including a power outage) prevents an Operator from making a notification referred to in subrule (2) immediately, the notification must be made to the Responsible Market Operator without delay by another appropriate means.

Note: Under subrule 9.2.1(1), an Operator must provide notifications under