ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis
ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis
ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis
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<strong>LexisNexis</strong> Appendix: <strong>ASIC</strong> <strong>Market</strong> <strong>Integrity</strong> <strong>Rules</strong> (<strong>ASX</strong> <strong>Market</strong>) <strong>2010</strong><strong>ASIC</strong>/<strong>ASX</strong> MIR2.4.8 Accreditation—Level Two AccreditedDerivatives Adviser<strong>ASX</strong> <strong>Market</strong> Rule/Procedure/Appendices toProcedure8.5.1 Initial ApplicationProcedure 8.5.1 INITIAL APPLICATION(ACCREDITED ADVISOR—CONTINUED))Appendix 8.5.1(A)—3 APPLICATION TO BE ALEVEL TWO ACCREDITED DERIVATIVESADVISER AND EXTENT OF ADVICEExplanation of any differences<strong>ASIC</strong> has adopted this <strong>ASX</strong> <strong>Market</strong> Rule and Procedure (to the extentthey relate to Level Two Accredited Derivatives Advisers) and thisAppendix as a single <strong>Market</strong> <strong>Integrity</strong> Rule, with drafting amendments.<strong>Market</strong> Participants must apply to <strong>ASIC</strong> for accreditation of theiradvisers. <strong>ASIC</strong> may approve examinations for Level Two AccreditedDerivatives Advisers.2.4.9 Acceptance of application 8.5.1 Initial Application <strong>ASIC</strong> has adopted elements of this <strong>ASX</strong> <strong>Market</strong> Rule as a separate<strong>Market</strong> <strong>Integrity</strong> Rule, with drafting amendments. <strong>ASIC</strong> will accredit aperson as an adviser if the requirements of the relevant <strong>Market</strong><strong>Integrity</strong> <strong>Rules</strong> are met, and will give a written notice to the <strong>Market</strong>Participant setting out the next Renewal Date and any conditions onthe accreditation. <strong>ASIC</strong> may seek further information from the <strong>Market</strong>Participant before making a decision.2.4.10 Rejection of application 8.5.2 Rejection of Application <strong>ASIC</strong> has adopted this <strong>ASX</strong> <strong>Market</strong> Rule as a <strong>Market</strong> <strong>Integrity</strong> Rule,with drafting amendments. The <strong>Market</strong> <strong>Integrity</strong> Rule provides that<strong>ASIC</strong> will reject an application for accreditation if the requirements ofthe relevant <strong>Market</strong> <strong>Integrity</strong> <strong>Rules</strong> are not met, and will give a writtennotice to the <strong>Market</strong> Participant setting out the reasons for rejectingthe application. <strong>ASIC</strong> may seek further information from the <strong>Market</strong>Participant before making a decision.2.4.11 Exemption for other accreditation andexperience8.6.1 Exemption for other accreditation andexperience8.6.2 Further information8.6.3 Examination may be required<strong>ASIC</strong> has adopted these <strong>ASX</strong> <strong>Market</strong> <strong>Rules</strong> as a single <strong>Market</strong><strong>Integrity</strong> Rule, with drafting amendments. <strong>ASIC</strong> may give anexemption from the examination requirement.Copyright Australian Securities and Investments Commission. Reproduced with permission.