{"id":"F2017L00902","name":"ASIC Class Rule Waiver [CW 17/0586]","slug":"asic-class-rule-waiver-cw-17-0586","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439263,"registerId":"F2017L00902-fast-fetch-1775955353636","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Class Rule Waiver [CW 17/0586]","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 17-0586 - APX 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 17/0586]\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](#_Toc485895100)\n\n[1 Name of legislative instrument](#_Toc485895101)\n\n[2 Commencement](#_Toc485895102)\n\n[3 Authority](#_Toc485895103)\n\n[4 Definitions](#_Toc485895104)\n\n[Part 2—Waiver](#_Toc485895105)\n\n[5 Waiver from requirements relating to Responsible Executives.](#_Toc485895106)\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis instrument is ASIC Class Rule Waiver [17-0586].\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 (APX Market) 2013.\n\n4 Definitions\n\nIn this instrument, unless the contrary intention appears, capitalised terms have the meaning given by the ASIC Market Integrity Rules (APX Market) 2013.\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","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2646},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This is the original instrument as made. It performs a straightforward waiver function consistent with ASIC's powers under the ASIC Market Integrity Rules (APX Market) 2013, without expansion beyond the intended regulatory relief."},"complexity_factors":["Extremely short instrument with only 5 sections","Single operative provision (section 5) with straightforward waiver language","All definitions incorporated by reference to external rules rather than defined within the instrument","No conditional logic, exceptions, or procedural requirements"],"plain_english_summary":"This class waiver lets Market Participants on the APX/Sydney Stock Exchange bypass certain ASIC Market Integrity Rules that impose obligations on Responsible Executives — the senior managers normally held personally accountable for integrity and conduct. It affects licensed traders and brokers and matters because it reduces administrative compliance burdens and costs while firms remain subject to other market rules and oversight."}},"importantCases":[],"_links":{"self":"/api/acts/asic-class-rule-waiver-cw-17-0586","history":"/api/acts/asic-class-rule-waiver-cw-17-0586/history","analysis":"/api/acts/asic-class-rule-waiver-cw-17-0586/analysis","conflicts":"/api/acts/asic-class-rule-waiver-cw-17-0586/conflicts","importantCases":"/api/acts/asic-class-rule-waiver-cw-17-0586/important-cases","documents":"/api/acts/asic-class-rule-waiver-cw-17-0586/documents"}}