Commonwealth legislation

ASIC Class Rule Waiver [CW 17/0584]

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Collection

legislative instrument

Plain English Summary

2/10 complexity

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.

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Current sections

Direct links to the current provisions in ASIC Class Rule Waiver [CW 17/0584].

ASIC Class Rule Waiver [CW 17/0584]

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2 title: ASIC Class Waiver 17-0584 - Chi-X Rules 2.3.3, 2.3.4 and 2.3.5

Commonwealth Coat of Arms and ASIC logo

ASIC Class Rule Waiver [CW 17/0584]

I, Kathleen Cuneo, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 7 July 2017

Kathleen Cuneo

Contents

Part 1—Preliminary

1 Name of legislative instrument

5 Waiver from requirements relating to Responsible Executives.

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Class Rule Waiver [17-0584].

2 Commencement

This instrument commences on the day it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subrule 1.2.1(1) of the ASIC Market Integrity Rules (Chi-X Australia Market) 2011.

4 Definitions

In this instrument, unless the contrary intention appears, capitalised terms have the meaning given by the ASIC Market Integrity Rules (Chi-X Australia Market) 2011.

Part 2—Waiver

5 Waiver from requirements relating to Responsible Executives.

(1) ASIC relieves a Market Participant from the obligation to comply with:

(a) subrule 2.3.3(1) of the Rules;

(b) Rule 2.3.4 of the Rules; and

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

meta-content-style-type: text/css meta-content-type: application/xhtml+xml; charset=utf-8 meta-generator: Aspose.Words for .NET 20.2 title: ASIC Class Waiver 17-0584 - Chi-X Rules 2.3.3, 2.3.4 and 2.3.5

ASIC Class Rule Waiver [CW 17/0584]

I, Kathleen Cuneo, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date 7 July 2017

Kathleen Cuneo

Contents

Part 1—Preliminary

1 Name of legislative instrument

5 Waiver from requirements relating to Responsible Executives.

Part 1—Preliminary

1 Name of legislative instrument

This instrument is ASIC Class Rule Waiver [17-0584].

2 Commencement

This instrument commences on the day it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subrule 1.2.1(1) of the ASIC Market Integrity Rules (Chi-X Australia Market) 2011.

4 Definitions

In this instrument, unless the contrary intention appears, capitalised terms have the meaning given by the ASIC Market Integrity Rules (Chi-X Australia Market) 2011.