ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis
ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis
ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis
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<strong>LexisNexis</strong> <strong>ASIC</strong> <strong>Market</strong> <strong>Integrity</strong> <strong>Rules</strong> (<strong>ASX</strong> <strong>Market</strong>) <strong>2010</strong>5.6.6 Certification of Automated Order Processing system(1) Before using their system for Automated Order Processing, a Trading Participant must:(a)give a written certification to <strong>ASIC</strong> that includes the matters set out in subrule (2); and(b) receive a written confirmation from <strong>ASIC</strong> that the certification complies with subrule (2).(2) The written certification given by the Trading Participant to <strong>ASIC</strong> must include:(a)(b)(c)(d)the name of the Trading Participant;the version number and name of the Trading Participant’s Automated Order Processingsystem;copies of the representations required by Rule 5.6.5 in relation to the system referred toin paragraph (b);a confirmation by the Trading Participant that:(i)(ii)the Trading Participant has performed the review required by Rule 5.6.4 and thatnothing came to the attention of the Trading Participant during the course of thatreview which would indicate that the Trading Participant is unable to comply withPart 5.6 of these <strong>Rules</strong>;based on the review required by Rule 5.6.4 and the representations required byRule 5.6.5, the Trading Participant’s Automated Order Processing system:(A)(B)does, or does not, permit Automated Client Order Processing, as the case maybe; andmeets the requirements of Rule 5.6.3; and(iii) the representations required by Rule 5.6.5 have been made by persons whom theTrading Participant considers to be suitably qualified and experienced in relation tothe controls for which they are making those representations;(e) the name of the directors of the Trading Participant referred to in subrule (3).(3) At least two directors of the Trading Participant must sign and date the writtencertification referred to in subrule (2).Maximum penalty: $1,000,0005.6.7 Material changes(1) If a Trading Participant who uses its system for Automated Order Processing under the<strong>Rules</strong> proposes to make a material change to any of the organisational or technical resourcesemployed to comply with Rule 5.6.3, the Trading Participant must immediately notify <strong>ASIC</strong>of the proposed change.(2) The Trading Participant must, before implementing the change:(a) undertake the review required by Rule 5.6.8 and provide either of the following at theoption of <strong>ASIC</strong>:Copyright Australian Securities and Investments Commission. Reproduced with permission.
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