ASIC Market Integrity Rules (Competition in Exchange Markets) 2011
ASIC Market Integrity Rules (Competition in Exchange Markets) 2011
ASIC Market Integrity Rules (Competition in Exchange Markets) 2011
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<strong>ASIC</strong> <strong>Market</strong> <strong>Integrity</strong> <strong>Rules</strong> (<strong>Competition</strong> <strong>in</strong> <strong>Exchange</strong> <strong>Market</strong>s) <strong>2011</strong> Chapter 6: <strong>Market</strong> Operators—Other obligations<br />
Chapter 6: <strong>Market</strong> Operators—Other obligations<br />
Part 6.1 Trad<strong>in</strong>g Suspensions<br />
6.1.1 <strong>Market</strong> Operator to notify of Trad<strong>in</strong>g Suspensions<br />
(1) Subject to subrule (2) and Rule 6.2.1, a <strong>Market</strong> Operator (first <strong>Market</strong> Operator) must<br />
immediately notify each other <strong>Market</strong> Operator (other <strong>Market</strong> Operator) each time the first<br />
<strong>Market</strong> Operator:<br />
(a) places an Equity <strong>Market</strong> Product <strong>in</strong>to a Trad<strong>in</strong>g Suspension; and<br />
(b) lifts or removes a Trad<strong>in</strong>g Suspension on an Equity <strong>Market</strong> Product.<br />
(2) Where a technical problem (<strong>in</strong>clud<strong>in</strong>g a power outage) prevents the first <strong>Market</strong> Operator<br />
from mak<strong>in</strong>g a notification referred to <strong>in</strong> paragraph (1)(a) or (b) immediately, the notification<br />
must be made to the other <strong>Market</strong> Operator without delay by another appropriate means.<br />
Maximum penalty: $1,000,000<br />
6.1.2 <strong>Market</strong> Operator to place Equity <strong>Market</strong> Products <strong>in</strong>to a Trad<strong>in</strong>g<br />
Suspension<br />
(1) A <strong>Market</strong> Operator that receives a notification under paragraph 6.1.1(1)(a) must<br />
immediately place each Equity <strong>Market</strong> Product the subject of the notification <strong>in</strong>to a Trad<strong>in</strong>g<br />
Suspension on its <strong>Market</strong>.<br />
(2) A <strong>Market</strong> Operator that places an Equity <strong>Market</strong> Product <strong>in</strong>to a Trad<strong>in</strong>g Suspension <strong>in</strong><br />
accordance with subrule (1) may only lift or remove that Trad<strong>in</strong>g Suspension after the<br />
<strong>Market</strong> Operator receives a notification under paragraph 6.1.1(1)(b) <strong>in</strong> relation to the same<br />
Equity <strong>Market</strong> Product.<br />
Maximum penalty: $1,000,000<br />
6.1.3 <strong>Market</strong> Operator to notify of system outages<br />
A <strong>Market</strong> Operator must notify <strong>ASIC</strong>, other <strong>Market</strong> Operators and Participants immediately<br />
upon becom<strong>in</strong>g aware of a technical problem (<strong>in</strong>clud<strong>in</strong>g a power outage) affect<strong>in</strong>g a <strong>Market</strong><br />
Operator’s trad<strong>in</strong>g, compliance monitor<strong>in</strong>g and report<strong>in</strong>g systems that may <strong>in</strong>terfere with the<br />
fair, orderly or transparent operation of any <strong>Market</strong>.<br />
Maximum penalty: $1,000,000<br />
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