ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010(a)(b)(c)(d)(e)(f)(g)(h)whether the Order or execution of the Order would be inconsistent with the history of orrecent trading in that Product;whether the Order or execution of the Order would materially alter the market for, orthe price of, the Product;the time the Order is entered or any instructions concerning the time of entry of the Order;whether the person on whose behalf the Order is placed, or another person who theMarket Participant knows to be a Related Party of that person, may have an interest increating a false or misleading appearance of active trading in any Product or withrespect to the market for, or the price of, any Product;whether the Order is accompanied by settlement, delivery or security arrangementswhich are unusual;where the Order appears to be part of a series of Orders, whether when put together withother Orders which appear to make up the series, the Order or the series is unusualhaving regard to the matters referred to in this Rule 5.7.2;whether there appears to be a legitimate commercial reason for that person placing theOrder, unrelated to an intention to create a false or misleading appearance of activetrading in or with respect to the market for, or price of, any Product; andwhether the transaction, bid or offer the execution of which is proposed will involve nochange of beneficial ownership.Maximum penalty: $1,000,0005.7.3 Obligations apply to Automated Order ProcessingA Market Participant must also comply with this Part 5.7 in respect of Orders the subject ofAutomated Order Processing.Note: There is no penalty for this Rule.Part 5.8 Prohibition on wash trades, pre-arranged trades and dualtrading—Futures5.8.1 Application of Rule 5.8This Part 5.8 applies to Futures Market Transactions only.Note: There is no penalty for this Rule.5.8.2 Wash tradesA Market Participant must not effect any Futures Market Transaction where the account onbehalf of which the Market Participant enters into the Futures Market Transaction is thesame on both sides of that transaction.Maximum penalty: $100,000Copyright Australian Securities and Investments Commission. Reproduced with permission.