{"id":"F2018L00524","name":"ASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/269","slug":"asic-market-integrity-rules-securities-markets-class-waiver-2018-269","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":439592,"registerId":"F2018L00524-fast-fetch-1775955559355","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/269","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.jpeg)\n\nASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/269\n\nI, Anthony Graham, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate 24 April 2018\n\n \n\n \n\nAnthony Graham\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc512341268)\n\n[1 Name of legislative instrument](#_Toc512341269)\n\n[2 Commencement](#_Toc512341270)\n\n[3 Authority](#_Toc512341271)\n\n[4 Definitions](#_Toc512341272)\n\n[Part 2—Waiver](#_Toc512341273)\n\n[5 Waiver from subrule 6.1.1(1)](#_Toc512341274)\n\n \n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/269.\n\n2 Commencement\n\nThis instrument commences on the day after this instrument 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 (Securities Markets) 2017 (Rules).\n\n4 Definitions\n\n(1) In this instrument, unless the contrary intention appears, capitalised terms have the same meaning as in the Rules.\n\n(2) In this instrument:\n\nASX Operating Rules means the operating rules of ASX Market as at the date of this instrument.\n\nASX Operating Rules Procedures means the procedures to the ASX Operating Rules as at the date of this instrument.\n\nAuction Imbalance Order has the meaning given by Rule 7100 of the ASX Operating Rules.\n\n \n\nPart 2—Waiver\n\n5 Waiver from subrule 6.1.1(1)\n\nA Participant of the ASX Market does not have to comply with subrule 6.1.1(1) of the Rules where the Participant enters into a transaction by matching an Auction Imbalance Order on the ASX Market, in accordance with Procedure 4026 of the ASX Operating Rules Procedures.\n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument remains tightly scoped to its original purpose: providing a targeted waiver for Auction Imbalance Order transactions. It has not expanded beyond this specific technical exemption."},"complexity_factors":["Very short document — only 5 sections across 2 Parts","Only 3 defined terms in section 4(2), plus a general incorporation of definitions from the parent Rules","Single operative provision (section 5) with straightforward conditional logic","No nested exceptions or cross-references beyond the single reference to subrule 6.1.1(1) and Procedure 4026","No substantive amendments, schedules, or transitional provisions"],"plain_english_summary":"This instrument grants ASX market participants an exemption from ASIC Market Integrity Rule subrule 6.1.1(1) when matching Auction Imbalance Orders in the ASX opening and closing auctions, provided they act in accordance with ASX Procedure 4026. It ensures brokers and trading firms can match imbalance orders without inadvertently breaching the rule, helping auction processes function smoothly."},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"The instrument narrows the operational scope of subrule 6.1.1(1) by exempting ASX Market Participants when they match Auction Imbalance Orders in accordance with Procedure 4026 (s5; s4). In effect it removes that compliance obligation for the specified class and activity, while leaving the rest of the Rule framework intact. The waiver is time-effective from the day after registration (s2) and rests on delegated authority (s3)."},"complexity_factors":["Very narrow, single-purpose instrument limited to one activity (matching Auction Imbalance Orders) (s5).","Depends on cross-references to the ASIC Market Integrity Rules (Rules) and a specific subrule outside this instrument (subrule 6.1.1(1)) (s3, s5).","Relies on external ASX documents (ASX Operating Rules and Procedures) and a named procedure (Procedure 4026), requiring users to consult those materials for full effect (s4, s5).","Made by a delegated officer under a Rules power (delegation referenced) rather than primary legislation, so legal effect rests on the enabling subrule (s3).","Simple commencement timing but administrative dependency on Federal Register registration (s2)."],"plain_english_summary":"This instrument (made by an ASIC delegate under s3) waives subrule 6.1.1(1) for ASX Market Participants who enter transactions by matching an Auction Imbalance Order under ASX Procedure 4026 (s5; definitions s4). Mechanically, it removes that specific compliance obligation for the defined class, so ASX Participants no longer must follow subrule 6.1.1(1) in those matched-auction imbalance transactions; the waiver commences the day after registration (s2)."}},"importantCases":[],"_links":{"self":"/api/acts/asic-market-integrity-rules-securities-markets-class-waiver-2018-269","history":"/api/acts/asic-market-integrity-rules-securities-markets-class-waiver-2018-269/history","analysis":"/api/acts/asic-market-integrity-rules-securities-markets-class-waiver-2018-269/analysis","conflicts":"/api/acts/asic-market-integrity-rules-securities-markets-class-waiver-2018-269/conflicts","importantCases":"/api/acts/asic-market-integrity-rules-securities-markets-class-waiver-2018-269/important-cases","documents":"/api/acts/asic-market-integrity-rules-securities-markets-class-waiver-2018-269/documents"}}