• wblogo
  • wblogo
  • wblogo

ASIC consolidates its market integrity rules

Chris Hamblin, Editor, London, 20 November 2017

articleimage

The Australian Securities and Investments Commission has consolidated 13 of the existing 14 rule books that govern market integrity into four books to create a common set of rules for securities markets and a common set of rules for futures markets.

The ASIC Market Integrity Rules (Securities Markets) 2017 set out firms' obligations and prohibitions regarding activities and conduct on the ASX, Chi-X, NSXA, SSX, IR Plus securities markets as well as competition between securities markets. The ASIC Market Integrity Rules (Futures Markets) 2017 (Futures Markets rules) apply to activities and conduct on the ASX 24 and FEX futures markets. The ASIC Market Integrity Rules (Securities Markets – Capital) 2017 (Securities Capital rules) set out capital and reporting requirements for participants of the securities markets. Finally, the ASIC Market Integrity Rules (Futures Markets – Capital) 2017 (Futures Capital rules) set out capital and reporting requirements for participants in the futures markets.

ASIC also clarified firms' obligations in the market integrity rules for participants’ management requirements and responsible executives, for dealing ‘as principal,’ for block trades and large portfolio trades and for recordkeeping requirements for market operators. Most market operators and market participants will have to comply with the consolidated market integrity rules by Monday 7 May next year. Before then, ASIC will reissue all class rule waivers and individual rule waivers that remain in force.

Latest Comment and Analysis

Latest News

Award Winners

Most Read

More Stories

Latest Poll