ASIC Market Integrity Rules (Competition in Exchange Markets) 2011

ASIC Market Integrity Rules (Competition in Exchange Markets) 2011 Chapter 4: Pre-trade transparency
(d) the consideration for the Transaction is greater than $0.
(2) For the purposes of this Rule, the Best Mid-Point and Reference Mid-Point are not
limited to standard Price Steps for the Equity Market Product.
Note: There is no penalty for this Rule.
4.2.4 Exception—Permitted Trades during the Post-Trading Hours Period
In these Rules, Permitted Trade during the Post-Trading Hours Period means a
Transaction during the Post-Trading Hours Period:
(a) that completes an Order received prior to the end of Trading Hours for the Market (and,
if there is an auction at the end of Trading Hours, prior to that auction);
(b) that comprises a bona fide hedge;
(c) if there is an auction at the end of Trading Hours for a Market, that completes an Order
that narrowly missed execution during that auction;
(d) that rectifies an error; or
(e) that results in the Equity Market Products the subject of the Transaction being sold by a
nominee that holds those Equity Market Products on behalf of a Funds Manager to
another nominee that holds those Equity Market Products on behalf of the same Funds
Manager, and where the Participant acts for both clients.
Note: There is no penalty for this Rule.
4.2.5 Exception—Permitted Trades during the Pre-Trading Hours Period
In these Rules, Permitted Trade during the Pre-Trading Hours Period means a Transaction
during the Pre-Trading Hours Period where:
(a) the Participant acts:
(i) on behalf of both buying and selling clients to that Transaction; or
(ii) on behalf of a buying or selling client on one side of that Transaction and as
Principal on the other side; and
(b) either:
(i) overseas resident clients are involved in both sides of the Transaction; or
(ii) an overseas resident client is involved in one side and the Participant is acting as
Principal on the other side of the Transaction; and
(c) a stock market maintained by a Recognised Stock Exchange either:
(i) in the overseas client’s country of residence; or
(ii) if both sides of the Transaction involve overseas resident clients, in the country of
residence of one of those clients,
is open for trading at that time.
Note: There is no penalty for this Rule.
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