What’s new
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Market Integrity Rules
1 August 2010
What's new?
On 1 August 2010 responsibility for supervision of trading activities and the conduct of business by market participants in relation to domestic licenced markets was transferred from the ASX to ASIC.
As part of the new rule-making regime, established under Part 7.2A of the Corporations Act, ASIC has released their market integrity rules. At this stage they have kept the pre-existing obligations that applied to market participants, and do not expect that, from the market’s perspective, supervision will be significantly different.
ASIC will be responsible for supervising compliance with these rules.
What market participants should now notify ASIC about include:
- Significant breaches of s912D of the Corporations Act
- Changes to your management structure
- Responsible executive appointments or cessation
- Responsible executive continuing education hours
- PI insurance related issues
- Legal proceedings
Contacting ASIC
The current market integrity rules don’t prescribe forms or a format in which to submit information. ASIC will accept information by any reasonable means, including in a format that was prepared to comply with the pre-existing ASX Market Rules or SFE Operating Rules.
How can Certainty help?
Certainty Compliance can consult with you and ensure that your documents and procedures are in place to remain compliant with the ASIC market integrity rules. Please contact us on (02) 8324 5300 or email enquiries@certaintycompliance.com.au for further information.
For further information:
The ASIC market integrity rules are located here