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>5.10.2 When Trading Participants may deal in Cash <strong>Market</strong> Products for whichOfficial Quotation will be soughtNotwithstanding Rule 5.10.1 but subject to any other provisions of these <strong>Rules</strong> and the<strong>Market</strong> Operating <strong>Rules</strong>, a Trading Participant may deal in Cash <strong>Market</strong> Products to whichRule 5.10.1 applies in the following circumstances:(a)(b)(c)(d)(e)(f)a Trading Participant may underwrite or sub-underwrite a new issue or placement ofCash <strong>Market</strong> Products;a Trading Participant may dispose of Cash <strong>Market</strong> Products if those Cash <strong>Market</strong>Products comprise an underwriting or sub-underwriting shortfall;where the Cash <strong>Market</strong> Products have been issued on a pro-rata basis to holders;where a listed entity acquires assets and as part or full consideration, issues new Cash<strong>Market</strong> Products (except Loan Securities) to the vendor and the Trading Participant:(i)(ii)has made a prior firm arrangement with the vendor to place these Cash <strong>Market</strong>Products as soon as they are issued; andensures that the details of the issue to the vendor are advised to the <strong>Market</strong> by thelisted entity immediately the Cash <strong>Market</strong> Products are issued;where a Trading Participant:(i)(ii)makes a placement of new Cash <strong>Market</strong> Products (except Loan Securities) forwhich Official Quotation will be sought, and the Trading Participant ensures thatall investors accepting the Cash <strong>Market</strong> Products are informed in writing thatTrading Participants cannot deal in the Cash <strong>Market</strong> Products either as Principal oragent until Official Quotation is granted in respect of those Cash <strong>Market</strong> Products;accepts selling orders in Cash <strong>Market</strong> Products (except Loan Securities) for whichOfficial Quotation will be sought, and the Trading Participant takes all reasonablesteps to ensure that the Cash <strong>Market</strong> Products are not sold before the Cash <strong>Market</strong>Products have been granted Official Quotation; or(iii) accepts selling orders in Cash <strong>Market</strong> Products (except Loan Securities) where theCash <strong>Market</strong> Products are of the same class as Cash <strong>Market</strong> Products which havealready been granted Official Quotation and:(A)(B)the Cash <strong>Market</strong> Products have already been issued by the Issuer; andthe fact that the Cash <strong>Market</strong> Products have been issued has been notified to,and released to the <strong>Market</strong> by, the Company Announcements Office of the<strong>Market</strong> Operator;a Trading Participant may dispose of or acquire ETF Securities which are the subject ofa subscription application if:(i)(ii)the ETF Securities are in a class of ETF Securities which are quoted on the <strong>Market</strong>;the subscription application is irrevocable and subject only to transfer of thesubscription consideration from the subscriber to the Issuer;(iii) the disposal or acquisition is made on the <strong>Market</strong> in accordance with these <strong>Rules</strong>and the <strong>Market</strong> Operating <strong>Rules</strong>;Copyright Australian Securities and Investments Commission. Reproduced with permission.
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