ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010“Automated Client Order Processing” is the Automated Order Processing of an ordersubmitted by an Authorised Person into a Trading Participant’s system.“Automated Order Processing” means the process by which orders are registered in aTrading Participant’s system and, if accepted for submission into a Trading Platform by theTrading Participant, submitted as corresponding Trading Messages without being keyed orrekeyed by a DTR.“Automated Order Processing Requirements” means the requirements of Part 5.6.“Bid” means:(a)(b)(c)in relation to a Cash Market Product, a price and quantity of the Cash Market Product tobe purchased;in relation to a Derivatives Market Contract, an offer to enter into a Derivatives MarketTransaction in respect of the relevant Derivatives Market Contract as Buyer; andin relation to a Combination, a price and quantity of the Combination.“Bid Class” means, in relation to a Takeover Bid, the class of Financial Products included inthe bid class of Financial Products under the Corporations Act.“Bid Period”:(a) for an Off-Market Bid, means the period that commences when the Bidder’s statementis given to the Target and ends:(i) 1 month later if no offers are made under the bid; or(ii) at the end of the Offer Period;(b) for a Market Bid, starts when the bid is announced to the Market by the MarketParticipant acting on behalf of the Bidder and ends at the end of the Offer Period; and(c) for a Scheme, starts when the announcement of intention to propose a Scheme is firstreceived by the Market until the date on which the Scheme is effected.“Bidder” means:(a)(b)in relation to an Off-Market Bid or Market Bid, a bidder within the meaning of theCorporations Act and, in respect of an Issuer incorporated or established outsideAustralia, the equivalent entity; andin relation to a Scheme, the entity or entities in a similar position to a bidder.“Business Day” means a day other than a Saturday, Sunday, New Year’s Day, Good Friday,Easter Monday, Christmas Day or Boxing Day.“Buyer” means, in relation to a Derivatives Market Transaction, the Trading Participantwhose purchase, bid or buy instruction, order or other Trading Message has resulted in theDerivatives Market Transaction being entered into, whether or not in connection with anyCrossing, other Derivatives Market Transaction or any transaction in any Cash MarketProduct or Non-ASX Contract and includes the taker of an Options Market Contract.Copyright Australian Securities and Investments Commission. Reproduced with permission.