ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(b)(c)(d)the person:(i)(ii)is a Level Two Accredited Derivatives Adviser;has successfully completed an educational module or subject, or series ofeducational modules or subjects, approved by ASIC in accordance with subrule (4);the person has read and understood:(i)(ii)these Rules;the Market Operating Rules; and(iii) other reading materials approved by ASIC in accordance with subrule (4); andASIC has no reason to believe that the person does not have the requisite skill,knowledge and integrity to give Financial Product Advice of the kind covered by Rule2.4.5.(2) A Market Participant may nominate a person to be an Accredited Futures Adviser bysubmitting a written application to ASIC that includes:(a)(b)(c)(d)(e)the full name and date of birth of the applicant, a statement that the applicant is aRepresentative of the Market Participant, and a description of the nature of therelationship of the applicant to the Market Participant (for example, employee);the name, business address and AFSL number of the Market Participant nominating theapplicant to be an Accredited Futures Adviser;the name, position and contact telephone number of the person referred to in subrule(3);a declaration, signed by the applicant, that the applicant has met the requirements ofparagraphs (1)(b) and (c); andif subparagraph (1)(b)(ii) applies, evidence that the applicant has met the requirementsof that subparagraph.(3) A director, partner, Responsible Executive or Compliance Manager of the MarketParticipant must sign and date the application referred to in subrule (2).(4) For the purposes of paragraphs (1)(b) and (c), ASIC may approve, in writing, educationalmodules, subjects and reading materials that are relevant to Financial Product Advice of thekind covered by Rule 2.4.5.Note: There is no penalty for this Rule.2.4.7 Accreditation—Level One Accredited Derivatives Adviser(1) ASIC may, subject to any conditions ASIC considers appropriate, accredit a person as aLevel One Accredited Derivatives Adviser for a period of time if:(a)the person is a Representative of a Market Participant and the Market Participant nominatesthe person to be a Level One Accredited Derivatives Adviser under subrule (2);Copyright Australian Securities and Investments Commission. Reproduced with permission.