ASIC Market Integrity Rules (ASX Market) 2010 - LexisNexis

LexisNexis ASIC Market Integrity Rules (ASX Market) 20105.10.7 Nominee holdings—Restrictions on when an Equity Security can berecorded in the name of a nominee company(1) A Market Participant must not cause the ownership of an Equity Security of which it isnot the beneficial owner to be registered in its own name or in the name of its partners,directors or Employees.(2) A Market Participant may only cause the ownership of an Equity Security referred to insubrule (1) to be registered in the name of a nominee company which:(a)(b)(c)unless otherwise agreed by ASIC, is incorporated in Australia with a name whichcontains the word “nominee”;has a constitution which precludes the nominee company from owning any EquitySecurity or other property except cash beneficially; andis a directly legally and beneficially wholly owned subsidiary of the Market Participantwhich is operated by the Market Participant unless the Market Participant is a ClearingParticipant who appoints a Settlement Participant as its agent in accordance with theClearing Rules.Maximum penalty: $100,000Copyright Australian Securities and Investments Commission. Reproduced with permission.