ASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/258
Commonwealth Coat of Arms and ASIC logo
ASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/258
About this compilation
Compilation No. 1
This is a compilation of ASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/258 as in force on 3 November 2020. It includes any commenced amendment affecting the legislative instrument to that date.
This compilation was prepared by the Australian Securities and Investments Commission.
The notes at the end of this compilation (the endnotes) include information
about amending instruments and the amendment history of each amended provision.
Contents
1 Name of legislative instrument
5 Transitional arrangements for Participants of the NSXA Market
6 Transitional arrangements for Participants of the SSX Market
7 Period during which the relief applies
Part 1—Preliminary
1 Name of legislative instrument
This is the ASIC Market Integrity Rules (Securities Markets) Class Waiver 2018/258.
3 Authority
This instrument is made under subrule 1.2.1(1) and Rule 1.2.3 of the ASIC Market Integrity Rules (Securities Markets) 2017 (Rules).
4 Interpretation
(1) In this instrument, Waived Rules means the following Parts of the Rules:
(a) Part 3.8 [Best execution obligation];
(b) Part 3.9 [Policies and procedures];
(c) Part 3.10 [Disclosure of best execution obligation];
(d) Part 3.11 [Evidencing execution performance];
(e) Part 5.1AA [Transactions to be under the operating rules of a Market operator];
(f) Part 5.9A [Trading Suspensions];
(g) Part 6.1 [Orders must be Pre-Trade Transparent];
(h) Part 6.3 [Transactions must be post-trade transparent];
(i) Part 7.4 [Requirement to record and provide Regulatory Data].
(2) In this instrument, unless the contrary intention appears, capitalised terms have the same meaning as in the Rules.
(3) In this instrument, a reference to time is to the time in Sydney, Australia.
Part 2—Waivers
5 Transitional arrangements for Participants of the NSXA Market
(1) A Participant of the NSXA Market, other than an NSXA AOP Participant, does not have to comply with any provision of the Rules in connection with its activities or conduct in relation to the NSXA Market.
(2) An NSXA AOP Participant does not have to comply with any provision of the Rules in connection with its activities or conduct in relation to the NSXA Market other than, in connection with the use of the Participant’s system for Automated Order Processing on the NSXA Market, a provision of Part 5.5, 5.6 or 5.7 of the Rules.
(3) A Participant of the NSXA Market does not have to comply with any provision of the Waived Rules in connection with its activities or conduct in relation to the NSXA Market.
6 Transitional arrangements for Participants of the SSX Market
A Participant of the SSX Market does not have to comply with any provision of the Waived Rules in connection with its activities or conduct in relation to the SSX Market.
7 Period during which the relief applies
(1) The relief in subsections 5(1) and 5(2) applies until 5 November 2018.
(2) The relief in subsection 5(3) applies from 5 November 2018 until 16 November 2022.
(3) The relief in section 6 applies until 16 November 2022.
Endnotes
Endnote 1—Instrument history
| Instrument number | Date of FRL registration | Date of commencement | Application, saving or transitional provisions |
|---|---|---|---|
| 2018/258 | 24/4/2018 (see F2018L00511) | 25/4/2018 | |
| 2020/877 | 2/11/2020 (see F2020L01387) | 3/11/2020 | - |
Endnote 2—Amendment history
Note: ad. = added or inserted am. = amended LA = Legislation Act 2003 rep. = repealed rs. = repealed and substituted
| Provision affected | How affected |
|---|---|
| Section 2 | rep. s48D LA |
| Subsection 7(2) | am. 2020/877 |
| Subsection 7(3) | am. 2020/877 |