ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 2010Part 5.9 Fair and orderly markets5.9.1 Market must remain fair and orderlyA Market Participant must not do anything which results in a market for a Product not beingboth fair and orderly, or fail to do anything where that failure has that effect.Maximum penalty: $1,000,0005.9.2 Representative must be availableA Trading Participant must ensure that a Representative of the Trading Participant isavailable to receive communications from other Trading Participants or from the MarketOperator during the following times on a Trading Day:(a)(b)in relation to Cash Market Products—from the beginning of Open Session State untilthe end of CSPA Session State;in relation to Options Market Contracts and Futures Market Contracts—during OpenSession State,unless otherwise determined in writing by ASIC and notified to the Trading Participant.Maximum penalty: $100,0005.9.3 Must not take advantage of breakdown or malfunctionA Market Participant must not take advantage of a situation arising as a result of abreakdown or malfunction in the Market Operator’s procedures or systems or an error in anyTrading Message submitted by the Market Operator.Maximum penalty: $1,000,000Part 5.10 Dealing in Cash Market Products5.10.1 Trading Participants may not deal in Cash Market Products for whichOfficial Quotation will be soughtExcept as permitted in Rule 5.10.2, a Trading Participant is prohibited, either in its ownoffice or elsewhere, from making quotations or dealing in a new issue or placement of CashMarket Products (except Loan Securities):(a)(b)made for the purpose of qualifying a company for admission to the Official List; orfor which Official Quotation will be sought,until those Cash Market Products have been granted Official Quotation.Maximum penalty: $100,000Copyright Australian Securities and Investments Commission. Reproduced with permission.