ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

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LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(d)the amount which the Market Participant would be obliged under the Market OperatingRules to request from the Client on the following day.(2) Where the request by a Market Participant for payment or the provision of securityrelates to derivatives traded on a market operated by a person other than the MarketOperator, the Market Participant must by the time required under the rules of that market,pay into the clients’ segregated account the lesser of:(a)(b)the amount of the request; orthe amount which the Market Participant would be obliged under the operating rules ofthe other market to request from the Client on the following day.Maximum penalty: $1,000,0003.5.8 Reconciliation of clients’ segregated accounts(1) A Market Participant must perform an accurate reconciliation, by 7.00pm on the TradingDay after the Trading Day to which the reconciliation relates, of the aggregate balance heldby it at the close of business on each Business Day in clients’ segregated accountsmaintained pursuant to Rule 3.5.2 and the corresponding balance as recorded in the MarketParticipant’s accounting records.(2) The reconciliation referred to in subrule (1) must set out:(a)(b)(c)the date to which the reconciliation relates;the dollar amounts of:(i)(ii)Total Futures Client Monies;Associated/Related Company Monies;(iii) Director/Employee Monies;(iv) Total Third Party Client Monies,for both the day of the reconciliation and the prior day;the dollar amounts of:(i)(ii)clients’ segregated account at bank;Deposits with ASX Clear Client Account;(iii) Deposits with ASX Clear (Futures) Client Account;(iv) Deposits with ASX Clear Futures Clearing Participant;(v)Deposits with ASX Clear (Futures) Participant;(vi) Deposits with an ASX Market Participant;(vii) Deposits with an Australian Securities Exchange Participant;(viii) Deposits with an Overseas Broker;(ix) funds invested in accordance with paragraph 981C(a) of the Corporations Act;Copyright Australian Securities and Investments Commission. Reproduced with permission.
LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(d)(e)(f)(x)Total Deposits,for both the day of the reconciliation and the prior day;the dollar amount of the Variation for both the day of the reconciliation and the priorday;an explanation of the reason for a Variation, if the dollar amount of the Variation ismore than, or less than, zero;where the movement in Total Futures Client Monies is greater than 20% from the priorday, an explanation of the reason.(3) For the purposes of this Part:“Associated/Related Company Monies” means the total amount of money received from:(a) any body corporate that is related to the Market Participant;(b) any person who is associated with the Market Participant; and(c) any body corporate in which the Market Participant has a controlling interest,in respect of transactions in futures contracts dealt on any exchange.“ASX Clear” means ASX Clear Pty Limited.“ASX Clear (Futures)” means ASX Clear (Futures) Pty Limited.“Australian Securities Exchange” means Australian Securities Exchange Limited.“Client” means a person (including any director, officer, employee or associated or relatedcompany of the Market Participant) on behalf of whom the Market Participant deals, or fromwhom the Market Participant accepts instructions to deal, in futures contracts.“Clients’ Segregated Account at Bank” means the Total Third Party Client Monies held inthe clients’ segregated account relating to futures contracts traded on any exchange.“Deposits with ASX Clear Client Account” means the total amount of third-party clientfunds, including margin amounts, lodged with ASX Clear in relation to transactions infutures contracts.“Deposits with ASX Clear (Futures) Client Account” means the total amount of thirdpartyclient funds, including margin amounts, lodged with ASX Clear (Futures) in relation totransactions in futures contracts.“Deposits with ASX Clear Futures Clearing Participant” means the total amount of thirdpartyclient funds paid to a Clearing Participant of ASX Clear in relation to transactions infutures contracts.“Deposits with ASX Clear (Futures) Participant” means the total amount of third-partyclient funds paid to a participant of ASX Clear (Futures) in relation to transactions in futurescontracts.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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