ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010“Underlying Market” means, in relation to a Derivatives Market Contract, a market in theinstruments, commodities, securities or other things which underlie the Derivatives MarketContract.“Unprofessional Conduct” includes:(a) conduct which amounts to impropriety affecting professional character and which isindicative of a failure either to understand or to practise the precepts of honesty or fairdealing in relation to other Market Participants, clients or the public;(b)(c)unsatisfactory professional conduct, where the conduct involves a substantial orconsistent failure to reach reasonable standards of competence and diligence; andconduct which is, or could reasonably be considered as likely to be, prejudicial to theinterests of the Market Operator or Market Participants,by a Market Participant, or an Employee, whether in the conduct of the Market Participant’sbusiness as a Market Participant or in the conduct of any other business, and need notinvolve a contravention of these Rules or any law.“Warrant” means:(a)(b)a financial instrument which gives the holder of the instrument the right:(i)(ii)to acquire the Underlying Instrument; orto require the Warrant-Issuer to acquire the Underlying Instrument;(iii) to be paid by the Warrant-Issuer an amount of money to be determined byreference to the amount by which a specified number is greater or less than thenumber of an index; or(iv) to be paid by the Warrant-Issuer an amount of money to be determined byreference to the amount by which the price or value of the Underlying Instrument isgreater than or less than a specified price or value,in accordance with the Terms of Issue and the Market Operating Rules that apply toWarrant-Issuers; orany other Financial Product that is a “warrant” within the meaning given to that term inCorporations Regulation 1.0.02 and which the Market Operator notifies TradingParticipants is a Warrant.“Warrant-Issuer” means an entity approved by the Market Operator to issue Warrants.“Wholesale Client” has the meaning given by subsection 761G(4) of the Corporations Act.“Wholesale Client Agreement” means the agreement between a Trading Participant and aclient lodged with a Clearing Facility in accordance with paragraph 3.1.12(d) and Rule3.1.13.Note: There is no penalty for this Rule.Copyright Australian Securities and Investments Commission. Reproduced with permission.