ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010Part 3.4 Reporting to Clients3.4.1 Confirmations—Form and timing(1) Subject to Rule 3.4.3, a Market Participant must give a confirmation to a person (the“Client”) in respect of each Market Transaction entered into on the Client’s instructions oron the Client’s Managed Discretionary Account.(2) The Market Participant must send to, or cause to be sent to, the Client a confirmation:(a)(b)(c)in writing;electronically; orin another form permitted by ASIC,as soon as practicable after the Market Participant enters into the Market Transaction.(3) The confirmation must meet the following requirements:(a)(b)the confirmation must include all of the information required to be included in aconfirmation under Division 3 of Part 7.9 of the Corporations Act;the confirmation must include a statement that the confirmation is issued subject to:(i)(ii)the directions, decisions and requirements of the Market Operator, these Rules, theMarket Operating Rules, the Clearing Rules and where relevant, the SettlementRules;the customs and usages of the Market; and(iii) the correction of errors and omissions,(c)(d)unless the Market Participant has obtained and retained an acknowledgment from theClient that the conditions set out in subparagraphs (i), (ii) and (iii) apply to the issue ofconfirmations to that Client;if the Market Transaction is to be cleared by another party which is a ClearingParticipant, the confirmation must include the name of the Market Participant whichexecuted the trade and the Clearing Participant which clears it;the confirmation must state the time by which all documents and information which theMarket Participant or Clearing Participant will require to settle the Market Transactionmust be provided by the Client:(i)(ii)in the case of a sale of Cash Market Products, the date by which the Client mustprovide all documents and security holder information (including, if applicable, therelevant holder identification number or personal identification number and/orshareholder reference number) required by the relevant Clearing Participant tomeet its Clearing Obligations; andif applicable, the date by which the Client must provide the consideration specifiedin the confirmation; and(iii) if applicable, the date by which the net consideration to the Client falls due;Copyright Australian Securities and Investments Commission. Reproduced with permission.