{"id":"F2023L00746","name":"ASIC Market Integrity Rules (Securities Markets) Repeal Instrument 2023/451","slug":"asic-market-integrity-rules-securities-markets-repeal-instrument-2023-451","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":441924,"registerId":"F2023L00746-fast-fetch-1775957084705","compilationNumber":null,"startDate":"2026-04-12","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Market Integrity Rules (Securities Markets) Repeal Instrument 2023/451","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\n---\n\n![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Market Integrity Rules (Securities Markets) Repeal Instrument 2023/451\n\nI, Natalie Boulizos delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\n \n\nDate  6 June 2023\n\n \n\n \n\n \n\nNatalie Boulizos\n\n \n\nContents\n\n[Part 1—Preliminary](#_Toc136962470)\n\n[1 Name of legislative instrument](#_Toc136962471)\n\n[2 Commencement](#_Toc136962472)\n\n[3 Authority](#_Toc136962473)\n\n[4 Schedule](#_Toc136962474)\n\n[Schedule 1—Repeal](#_Toc136962475)\n\n[ASIC Market Integrity Rules (Securities Markets) Determination 2023/157](#_Toc136962476)\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Market Integrity Rules (Securities Markets) Repeal Instrument 2023/451.\n\n2 Commencement\n\nThis instrument commences on the later of:\n\n(a) 10 July 2023; and\n\n(b) 20 business days after the day 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 6.2.1(4) of the ASIC Market Integrity Rules (Securities Markets) 2017 (Rules).\n\n4 Schedule\n\nEach instrument that is specified in Schedule 1 to this instrument is repealed as set out in the applicable items in the Schedule.\n\nSchedule 1—Repeal\n\nASIC Market Integrity Rules (Securities Markets) Determination 2023/157\n\n1 The whole of the instrument\n\nRepeal the instrument.\n\n \n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1511},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This instrument performs a straightforward repeal of the 2023 Determination as intended; it reduces rather than expands regulatory scope by removing the temporary or transitional rules contained in the repealed instrument."},"complexity_factors":["Single operation: complete repeal of one named instrument","No defined terms or interpretation section","No conditional logic, exceptions, or operational provisions","Only substantive cross-reference is to the enabling power (subrule 6.2.1(4))","Operative text fits on a single page"],"plain_english_summary":"**What this does:** This instrument repeals (cancels) an earlier ASIC decision called the *ASIC Market Integrity Rules (Securities Markets) Determination 2023/157* in its entirety.\n\n**Who it affects:** Financial services businesses that were subject to the specific rules in the 2023 Determination—typically Australian securities market operators and their participants.\n\n**Why it matters:** It removes the legal obligations that were set out in the 2023 Determination. This is likely a routine regulatory cleanup where temporary, transitional, or superseded rules are being removed. Once this repeal takes effect, the requirements in the repealed Determination no longer apply to market participants."}},"importantCases":[],"_links":{"self":"/api/acts/asic-market-integrity-rules-securities-markets-repeal-instrument-2023-451","history":"/api/acts/asic-market-integrity-rules-securities-markets-repeal-instrument-2023-451/history","analysis":"/api/acts/asic-market-integrity-rules-securities-markets-repeal-instrument-2023-451/analysis","conflicts":"/api/acts/asic-market-integrity-rules-securities-markets-repeal-instrument-2023-451/conflicts","importantCases":"/api/acts/asic-market-integrity-rules-securities-markets-repeal-instrument-2023-451/important-cases","documents":"/api/acts/asic-market-integrity-rules-securities-markets-repeal-instrument-2023-451/documents"}}