{"id":"F2017L00903","name":"ASIC Class Rule Waiver [CW 17/0584]","slug":"asic-class-rule-waiver-cw-17-0584","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439265,"registerId":"F2017L00903-fast-fetch-1775955353665","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Rule Waiver [CW 17/0584]","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: ASIC Class Waiver 17-0584 - Chi-X Rules 2.3.3, 2.3.4 and 2.3.5\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.jpeg)\n\nASIC Class Rule Waiver [CW 17/0584]\n\nI, Kathleen Cuneo, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate  7 July 2017\n\n \n\nKathleen Cuneo\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc487195025)\n\n[1 Name of legislative instrument](#_Toc487195026)\n\n[2 Commencement](#_Toc487195027)\n\n[3 Authority](#_Toc487195028)\n\n[4 Definitions](#_Toc487195029)\n\n[Part 2—Waiver](#_Toc487195030)\n\n[5 Waiver from requirements relating to Responsible Executives.](#_Toc487195031)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is ASIC Class Rule Waiver [17-0584].\n\n2 Commencement\n\nThis instrument commences on the day it is registered on the Federal Register of Legislation.\n\nNote: The register may be accessed at [www.legislation.gov.au](http://www.legislation.gov.au).\n\n3 Authority\n\nThis instrument is made under subrule 1.2.1(1) of the ASIC Market Integrity Rules (Chi-X Australia Market) 2011.\n\n4 Definitions\n\nIn this instrument, unless the contrary intention appears, capitalised terms have the meaning given by the ASIC Market Integrity Rules (Chi-X Australia Market) 2011.\n\n \n\n\nPart 2—Waiver\n\n5        Waiver from requirements relating to Responsible Executives.\n\n(1)   ASIC relieves a Market Participant from the obligation to comply with:\n\n(a)   subrule 2.3.3(1) of the Rules;\n\n(b)   Rule 2.3.4 of the Rules; and\n\n(c)   subrule 2.3.5(1) of the Rules.\n\n \n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1794},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument exercises the specific waiver power granted by subrule 1.2.1(1) of the enabling rules. It does not expand beyond the delegated authority to relieve compliance; it simply targets three specific rules for exemption."},"complexity_factors":["Only 5 sections total with a single operative provision","No definitions beyond incorporation by reference to external rules","No conditional logic, exceptions, or sunset clauses","Assumes knowledge of Chi-X Market Integrity Rules but does not reproduce them"],"plain_english_summary":"This instrument grants a blanket class waiver to all Market Participants on the Chi‑X Australia (now Cboe Australia) market, exempting them from three rules that require appointing Responsible Executives, obtaining ASIC approval for them, and notifying ASIC when they leave. It affects financial firms trading on Chi‑X and matters because it removes the usual layer of personal accountability for market misconduct."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-rule-waiver-cw-17-0584","history":"/api/acts/asic-class-rule-waiver-cw-17-0584/history","analysis":"/api/acts/asic-class-rule-waiver-cw-17-0584/analysis","conflicts":"/api/acts/asic-class-rule-waiver-cw-17-0584/conflicts","importantCases":"/api/acts/asic-class-rule-waiver-cw-17-0584/important-cases","documents":"/api/acts/asic-class-rule-waiver-cw-17-0584/documents"}}