Document ID: chunk:federal_register_of_legislation:F2024C01109:front:0:p15
Version: federal_register_of_legislation:F2024C01109
Segment Type: other
Provision Reference: 
Character Range: 38956–41805

Account will be responsible under these Rules for any Orders entered through the Terminal.
(b)       ASIC may at any time by notice to a Market Participant, require a Market Participant to terminate a connection referred to in paragraph (a) or (ab) either generally or in relation to a particular individual, Client, system or device or class of system or device.
(c)        As soon as a Market Participant receives notification under paragraph (b), it must promptly take all steps necessary to terminate such connection.
(3) Obligations prior to Client connection
Prior to permitting any Client to connect to a Terminal a Market Participant must:
(a)        satisfy itself that the Client has the necessary skills, facilities and procedures to operate such a facility;
(b)       satisfy itself that the Client understands the risks and obligations attached to the use of such a facility;
(c)        ensure that each Order so placed, and any Order System complies with the Rules;
(d)       provide appropriate controls on the connection of its Clients and its staff to such systems;
(e)        provide appropriate controls on the access to passwords of its Clients and its staff to such systems; and
(f)        ensure appropriate controls are implemented for the security of its Clients' premises and physical access of its Clients and its staff to such systems.
(4) Obligations in relation to proprietary connection
Prior to connecting to a Terminal for the purpose of trading for a House Account, and at all times while connected to a Terminal for the purpose of trading for a House Account, a Market Participant must:
(a)        have the necessary skills, facilities and procedures to operate such a facility;
(b)       understand the risk and obligations attached to the use of such a facility;
(c)        ensure that each Order so placed, and any Order System, complies with the Rules;
(d)       provide appropriate controls on the access to passwords of the Market Participant and its Employees to such systems; and
(e)        ensure appropriate controls are implemented for the security of its premises and physical access of the Market Participant and its Employees to such systems.

2.2.2 Concentration of risk
(1) A Market Participant other than a Principal Trader must not permit any one Client to represent such a percentage of the trading by the Market Participant as may prejudice or diminish the ability of the Market Participant to meet its obligations under these Rules and at law.
(2) For the purposes of this Rule, Client includes all persons, partnerships and corporations related to, associated with or affiliated with the Client or otherwise financially dependent upon the Client.

2.2.3 Persons involved in the business—Good fame and character requirement
(1) A Market Participant must ensure that any Employee or other person