ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010Chapter 3: Client relationshipsPart 3.1 Clients trading in products for first time3.1.1 Documents to be given to a clientBefore accepting an order from a person to enter into a Market Transaction, a MarketParticipant must give the person, in addition to all of the documents which the MarketParticipant is required to give the person in respect of the Market Transaction under theCorporations Act, all of the documents the Market Participant is required to give the personin respect of the Market Transaction under this Part.Note: There is no penalty for this Rule.3.1.2 Documents to be given to a client: Options, LEPOs and Warrants(1) Subject to subrule (4), before a Market Participant accepts an Order from a person toenter into an Options Market Transaction, the Market Participant must give the person acopy of any current explanatory booklet in respect of Options Market Contracts published bythe Market Operator, together with any updates to that explanatory booklet published by theMarket Operator, if it is the first time an Order to enter into an Options Market Transactionis accepted from the person.(2) Subject to subrule (4), before a Market Participant accepts an order from a person to enterinto an Options Market Transaction in respect of LEPOs, the Market Participant must givethe person a copy of any current explanatory booklet in respect of LEPOs published by theMarket Operator, together with any updates to that explanatory booklet published by theMarket Operator, if it is the first time an Order in respect of LEPOs is accepted from theperson.(3) Subject to subrule (4), before a Market Participant accepts an Order from a person topurchase a Warrant, the Market Participant must give the person a copy of any currentexplanatory booklet in respect of Warrants published by the Market Operator, together withany updates to that explanatory booklet published by the Market Operator, if it is the firsttime an Order in respect of Warrants is accepted from the person.(4) A Market Participant is not required to comply with subrule (1), (2) or (3) if the personfrom whom the Order is accepted is a Wholesale Client, unless the person expressly requestsit.(5) For the avoidance of doubt, a Market Participant is not required to comply with subrule(3) if the person from whom the Order is accepted is entering into a Market Transaction tosell Warrants.Maximum penalty: $100,000Copyright Australian Securities and Investments Commission. Reproduced with permission.