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>(a)(b)(c)a Cash <strong>Market</strong> Product (other than a Warrant); ora Derivatives <strong>Market</strong> Contract over a Cash <strong>Market</strong> Product; ora Warrant over a Cash <strong>Market</strong> Product;in respect of which there is currently an Offer Period for a Takeover Bid or Scheme (inrespect of a Crossing under subrule (3)) or an Offer Period for a <strong>Market</strong> Bid (in respect of aCombination under subrule (2)).(2) For the purposes of subrule (1), the type of Crossing is a Crossing (other than a SpecialCrossing) in a Cash Only Combination that is effected after CSPA Session State on aTrading Day and up to 15 minutes prior to commencement of the Open Session State on thenext Trading Day in accordance with the <strong>Market</strong> Operating <strong>Rules</strong>.(3) For the purposes of subrule (1), the type of Crossing is a Crossing (other than a SpecialCrossing) in a Derivatives Combination that is effected during Late Trading Session State inaccordance with the <strong>Market</strong> Operating <strong>Rules</strong>.Maximum penalty: $100,000Part 6.5 Special Crossings Prohibited During Offer Period6.5.1 Special Crossings in Cash <strong>Market</strong> Products (excluding Warrants)A Trading Participant must not effect a Special Crossing of any Cash <strong>Market</strong> Products(excluding Warrants) of an Issuer during a Bid Period for a Takeover Bid or Scheme for theCash <strong>Market</strong> Products (excluding Warrants) of the Issuer.Maximum penalty: $100,0006.5.2 Special Crossings in WarrantsA Trading Participant must not execute Special Crossings in Warrants that are over a Cash<strong>Market</strong> Product in respect of which there is currently a Bid Period for a Takeover Bid orScheme.Maximum penalty: $100,0006.5.3 Special Crossings in Derivatives <strong>Market</strong> ContractsA Trading Participant must not execute Special Crossings in Derivative <strong>Market</strong> Contractsover a Cash <strong>Market</strong> Product in respect of which there is currently an Offer Period for aTakeover Bid or Scheme.Maximum penalty: $100,000Copyright Australian Securities and Investments Commission. Reproduced with permission.
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