ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(a)(b)(c)the person is a Representative of a Market Participant and the Market Participantnominates the person as a Level Two Accredited Derivatives Adviser in accordancewith subrule (2);unless the person is applying for, or has been granted, an exemption under subrule2.4.11(1), the person has obtained a score of 80% or more for each of the AccreditationExaminations for Level One Accredited Derivatives Advisers and Level TwoAccredited Derivatives Advisers 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 provide Financial Product Advice of the kind covered byRules 2.4.2, 2.4.3 and 2.4.4.(2) A Market Participant may nominate a person to be a Level Two Accredited DerivativesAdviser by submitting a written application to ASIC that includes:(a)(b)(c)(d)(e)the full name, date of birth, business address, email address and contact telephonenumber of the applicant, a statement that the applicant is a Representative of the MarketParticipant and description of the nature of the relationship of the applicant to theMarket Participant (for example, employee);the name, business address and AFSL number of the Market Participant nominating theperson to be a Level Two Accredited Derivatives Adviser;the name, position and contact telephone number of the director, partner, ResponsibleExecutive or Compliance Manager of the Market Participant referred to in subrule (3);unless the person has been granted, or is applying for, an exemption under subrule2.4.11(1), a declaration by the Market Participant that the applicant meets therequirements of paragraph (1)(b); andan acknowledgement by the Market Participant that accreditation as a Level TwoAccredited Derivatives Adviser will only authorise the applicant to provide FinancialProduct Advice of the kind covered by Rules 2.4.2, 2.4.3 and 2.4.4.(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 subrule (1), ASIC may approve, in writing one or more examinationsthat are relevant to Financial Product Advice of the kind covered by Rules 2.4.2, 2.4.3 and2.4.4.Note: There is no penalty for this Rule.2.4.9 Acceptance of application(1) If ASIC is satisfied that:(a)(b)an application for accreditation made by a Market Participant; andthe person in respect of which the application for accreditation is made,Copyright Australian Securities and Investments Commission. Reproduced with permission.