ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(2) ASIC will notify the relevant Market Participant and the Accredited Adviser in writing ofa suspension or withdrawal of accreditation under subrule (1) and the reasons for thesuspension or withdrawal.Note: There is no penalty for this Rule.2.4.20 Re-accreditation after withdrawal or expiry(1) ASIC may re-accredit a person whose accreditation has been withdrawn or has expired,without the person sitting another Accreditation Examination if:(a)(b)(c)(d)the person is a Representative of a Market Participant and the Market Participant appliesto ASIC to re-accredit the person under subrule (2);the person became an Employee of, or was otherwise engaged by, a Market Participantwithin 2 years from the date their accreditation was withdrawn or expired, and within 2months of being re-accredited will re-commence providing Financial Product Advice toclients of a Market Participant of a kind covered by Rules 2.4.2, 2.4.3, 2.4.4 or 2.4.5;the person has complied with the Continuing Professional Education Requirements proratato the number of full months since the date their accreditation was granted or lastrenewed; 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 by therelevant category of accreditation.(2) A Market Participant may apply to ASIC to re-accredit a person whose accreditation hasbeen withdrawn or has expired by submitting a written application to ASIC that includes:(a)(b)(c)(d)(e)(f)the name, date of birth, business address and email address of the applicant, a statementthat the applicant is a Representative of the Market Participant and a description of thenature of the relationship of the applicant to the Market Participant (for example,employee);the name, business address and AFSL number of the Market Participant seekingrenewal of the accreditation of the applicant;the category of accreditation sought;a statement that the Market Participant requests the requirement for the person to sit theAccreditation Examination be waived;a declaration by the Market Participant that the applicant meets the requirements ofparagraph (1)(c); andthe name, position, contact telephone number, facsimile number and email address ofthe director, partner, Responsible Executive or Compliance Manager of the MarketParticipant referred to in subrule (3).(3) A director, partner, Responsible Executive or Compliance Manager of the MarketParticipant must sign and date the application.Copyright Australian Securities and Investments Commission. Reproduced with permission.