ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(e)(f)the time the DTR entered a Trading Message into a Trading Platform (or if the TradingMessage was submitted by Automated Order Processing, the time at which the TradingMessage was initiated by the Open Interface Device); andif the Trading Message gives rise to a Market Transaction, the date and time that occurs.Maximum penalty: $100,0004.1.3 Records to be made immediatelyA Market Participant must make the records referred to in Rules 4.1.1, 4.1.2, 4.1.7 and 4.1.8immediately after the event to which they relate and record the time of the relevant event.Maximum penalty: $100,0004.1.4 Records to be retained for prescribed periodA Market Participant must retain the records referred to in Rules 4.1.1, 4.1.2, 4.1.7 and 4.1.8for 7 years from the date the record is made.Maximum penalty: $100,0004.1.5 Certain records maintained by the Market OperatorWhere a Market Participant is a Trading Participant, certain of its obligations under Rules 4.1.1and 4.1.2 may be met by relying on records maintained electronically as set out in Rule 4.1.6.Note: There is no penalty for this Rule.4.1.6 Conditions for reliance on the Market Operator records(1) Where the records of the Trading Participant:(a)(b)are able to connect the DTR identifier with the particular DTR; andidentify the person, or any other persons, receiving the instructions, generating an orderor making a decision (if not the DTR) and a DTR is capable of being connected to aparticular Trading Record or sequence of events,a Trading Participant may:(c)(d)when dealing for clients satisfy certain of its obligations in relation to paragraphs4.1.1(2)(g), 4.1.1(2)(h) and 4.1.1(2)(i); orwhen dealing on its Own Account, satisfy certain of its obligations in relation tosubparagraphs 4.1.2(2)(a)(i) to (iv), paragraphs 4.1.2(2)(b), 4.1.2(2)(d), 4.1.2(2)(e) and4.1.2(2)(f),by relying on records maintained by the Market Operator, but only to the extent permitted bysubrule (2).Copyright Australian Securities and Investments Commission. Reproduced with permission.