ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 20105.6.10 Material change further certification(1) A further certification provided under subparagraph 5.6.7(2)(a)(ii) 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;a description of the material changes to the system that are the subject of theconfirmation;a confirmation from the appropriately qualified person who performed a review inaccordance with Rule 5.6.8 that:(i)(ii)the person has performed the review and that nothing came to the attention of theperson during the course of the review which would indicate that the TradingParticipant is unable to comply with Part 5.6 of these Rules;the elements of the system which have not been the subject of the material changesdo not detract from the certification for the system previously provided to theMarket Operator or ASIC;(iii) the Trading Participant has in place, in relation to the material changes the subjectof the certification, organisational and technical resources, trading managementarrangements and security arrangements that meet the requirements of Rule 5.6.3.(2) The confirmation referred to in paragraph (1)(d) must include the name of the personmaking the confirmation and be signed and dated by that person.Maximum penalty: $100,0005.6.11 Further certification(1) A Trading Participant must, if directed by ASIC in writing to do so, provide a furthercertification in a form acceptable to ASIC from an appropriately qualified person acceptableto ASIC as to compliance by the Trading Participant with the Automated Order ProcessingRequirements.(2) A Trading Participant must comply with a direction under subrule (1) within the timespecified in the direction.Maximum penalty: $100,0005.6.12 Limitations on Automated Order Processing(1) This Rule applies where ASIC reasonably considers that:(a)(b)a Trading Participant is not complying with the Automated Order ProcessingRequirements; orit is otherwise appropriate to direct a Trading Participant to take the actions referred toin subrule (2).Copyright Australian Securities and Investments Commission. Reproduced with permission.