ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(b)(c)trading management arrangements, including having appropriate automated filters, filterparameters and processes to record any changes to the filters or filter parameters toenable the ready determination of the origin of all orders and trading messages; andsecurity arrangements to monitor for and prevent unauthorised persons having access toa gateway or an Open Interface Device or to a computer or other device connected to anOpen Interface Device, and to ensure that the Automated Order Processing system doesnot interfere with the efficiency and integrity of markets provided by the MarketParticipant or the proper functioning of the Trading Platform.Maximum penalty: $1,000,0005.6.4 Review of documentation and systems prior to use of Automated OrderProcessing systemBefore using their system for Automated Order Processing, a Trading Participant must, forthe purposes of providing the certification referred to in Rule 5.6.6, perform a review of theTrading Participant’s policies, procedures, system design documentation, including theTrading Participant’s procedures for implementation of subsequent changes to theAutomated Order Processing software, filters and filter parameters, and other relevantdocumentation concerning the Trading Participant’s compliance with Part 5.6 of these Rules.Maximum penalty: $1,000,0005.6.5 Representations as to organisational and technical resources, tradingmanagement arrangements and security arrangements, prior to use ofAutomated Order Processing system(1) Before using their system for Automated Order Processing, the Trading Participant must,for the purposes of providing the certification referred to in Rule 5.6.6, obtain writtenrepresentations that their Automated Order Processing system meets the requirements ofeach of paragraphs 5.6.3(a), (b) and (c).(2) The representations referred to in subrule (1):(a) must be provided by persons who are suitably qualified and experienced in relation tothe controls for which they are making the representation;(b)(c)(d)include the name of the person making the representation;be signed and dated by the person making the representation;set out the methodology used by the person to enable them to make the representation.Maximum penalty: $1,000,000Copyright Australian Securities and Investments Commission. Reproduced with permission.