Securities: ASIC publishes market integrity rules
Australia's ASIC has taken its first big step in market supervision with the publication of its market integrity rules.
The Corporations Amendment (Financial Market Supervision) Act 2010 provides for a new type of rule called market integrity rules. These rules are made by ASIC and apply to market operators, market participants, other prescribed entities and financial products traded on the relevant markets. The following ASIC market integrity rules were made on 1 August 2010 and are based on legislation and regulations as at 1 August 2010. ASIC says "our approach in making market integrity rules has been to not change the substance of the pre-existing obligations that apply to participants of the relevant markets at this time." ASIC is responsible for supervising compliance with these rules.
Market
Legislative instrument (market integrity rules)
Appendix
ASX
ASIC Market Integrity Rules (ASX Market) 2010
Comparison of ASX Market Rules and ASIC Market Integrity Rules (ASX Market) 2010
ASX 24 (Formerly known as Sydney Futures Exchange)
ASIC Market Integrity Rules (ASX 24 Market) 2010
Comparison of SFE Operating Rules and ASIC Market Integrity Rules (ASX 24 Market) 2010
APX
ASIC Market Integrity Rules (APX Market) 2010
Comparison of APX Business Rules and ASIC Market Integrity Rules (APX Market) 2010
IMB
ASIC Market Integrity Rules (IMB Market) 2010
Comparison of IMB Operating Rules and ASIC Market Integrity Rules (IMB Market) 2010
NSXA
ASIC Market Integrity Rules (NSXA Market) 2010
Comparison of NSXA Business Rules and ASIC Market Integrity Rules (NSXA Market) 2010
SIM (Formerly known as Bendigo Stock Exchange)
ASIC Market Integrity Rules (SIM VSE Market) 2010
Comparison of SIM VSE Business Rules and ASIC Market Integrity Rules (SIM VSE Market) 2010
ASIC has also issued a substantial number of regulatory guides: for more information see http://asic.gov.au/
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