ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

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LexisNexis ASIC Market Integrity Rules (ASX Market) 2010under Rule 2.4.6, 2.4.7 or 2.4.8, meets the applicable requirements of the Rule, ASIC willaccredit the person in the relevant category of accreditation.(2) ASIC will give the Market Participant a written notice that a person has been accreditedunder subrule (1), specifying:(a)(b)any conditions to which the accreditation is subject;the Renewal Date.(3) Nothing in subrule (1) prevents ASIC from seeking further information from the MarketParticipant for the purposes of satisfying itself that the person or the application meets therequirements of the relevant Rule.Note: There is no penalty for this Rule.2.4.10 Rejection of application(1) Subject to subrule (2), if ASIC is not satisfied that:(a)(b)an application for accreditation made by a Market Participant; orthe person in respect of which the application for accreditation is made,under Rule 2.4.6, 2.4.7 or 2.4.8, meets the applicable requirements of the Rule, ASIC willreject the application.(2) ASIC will give the Market Participant a written notice that an application foraccreditation has been rejected under subrule (1), specifying the reason or reasons why theapplication is rejected.(3) Nothing in subrule (1) prevents ASIC from seeking further information from the MarketParticipant for the purposes of satisfying itself that the person or the application meets therequirements of the relevant Rule.Note: There is no penalty for this Rule.2.4.11 Exemption for other accreditation and experience(1) ASIC may exempt a person, in writing, from the requirement to sit an AccreditationExamination if the person has:(a)(b)(c)completed a course listed on ASIC’s Training Register as a specialist course and which,in the opinion of ASIC, provides appropriate coverage of these Rules, the MarketOperating Rules, the Trading Platform and the relevant Products;completed relevant training, other than a course listed on ASIC’s Training Register, andcan demonstrate, to the satisfaction of ASIC, their knowledge of these Rules, theMarket Operating Rules, the Trading Platform and the relevant Products; orextensive relevant industry experience and can demonstrate, to the satisfaction of ASIC,their knowledge of these Rules, the Market Operating Rules, the Trading Platform andthe relevant Products.Copyright Australian Securities and Investments Commission. Reproduced with permission.
LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(2) ASIC may require a Market Participant to provide further information which ASICconsiders necessary to establish the experience, expertise and professional history of aperson nominated under this Rule for exemption from the examination requirement.(3) ASIC may require a person nominated for exemption under this Rule to complete andpass a modified version of an Accreditation Examination to demonstrate the person’sexpertise and knowledge of the Rules, the Market Operating Rules, the Trading Platform andrelevant Products.Note: There is no penalty for this Rule.2.4.12 Examinations(1) Unless ASIC gives permission under this Rule, a person may sit an AccreditationExamination for a category of accreditation no more than three times.(2) If a person has not obtained the required pass level after sitting the AccreditationExamination three times, the Market Participant may apply to ASIC under subrule (3) forpermission for the person to sit the Accreditation Examination again.(3) A Market Participant may apply for permission for a person to sit an AccreditationExamination again by submitting a written application to ASIC that includes:(a)(b)(c)(d)(e)the full name, business and email address of the applicant;the name and business address of the Market Participant seeking permission for theapplicant to sit the Accreditation Examination again;the type of Accreditation Examination that the Market Participant is applying for theapplicant to re-sit;the date on which the person last sat the Accreditation Examination;reasons in support of the applicant being permitted to sit the Accreditation Examinationagain; and(f) the name and position of the Responsible Executive referred to in subrule (4).(4) A Responsible Executive of the Market Participant (or, if the applicant is a ResponsibleExecutive, another Responsible Executive of the Market Participant) must sign and date theapplication referred to in subrule (3).(5) After considering the application, ASIC may permit the person to sit the examinationagain.(6) ASIC will not consider an application under this Rule unless 3 months have passed sincethe person last sat the Accreditation Examination.Note: There is no penalty for this Rule.Copyright Australian Securities and Investments Commission. Reproduced with permission.
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ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

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