ASIC has today published the operational framework for its Market Disciplinary Panel (MDP) to abide by when conducting proceedings into alleged breaches of the market integrity rules.

Operators and participants of licensed markets are required to comply with the rules made by ASIC. ASIC is also responsible for ensuring compliance with them.

ASIC has delegated power to the MDP, a peer review body, to issue infringement notices and accept enforceable undertakings relating to breaches of the market integrity rules as an alternative to civil proceedings.

MPD proceedings can be initiated by either ASIC, or by a joint request from both parties for the MPD to approve a negotiated settlement.

For further information:

Read the full ASIC media release here: 11-105MR

Link to ASIC Regulatory Guide 225 here: Markets Disciplinary Panel practices and procedures