Australian Securities and Investments Commission Market Integrity Rules (Securities Markets and other Australian Securities and Investments Commission-Made Rules) Amendment Instrument 2022/248 (Cth)

ASIC Market Integrity Rules (Securities Markets and other ASIC-Made Rules) Amendment Instrument 2022/248

I, Calissa Aldridge, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.

Date    1 April 2022

Calissa Aldridge

Contents

Part 1—Preliminary

1    Name of legislative instrument

2    Commencement

3    Authority

4    Schedules

Schedule 1—Amendments

ASIC Market Integrity Rules (Securities Markets and other ASIC-Made Rules) Amendment Instrument 2022/117

Part 1—Preliminary

1        Name of legislative instrument

This is the ASIC Market Integrity Rules (Securities Markets and other ASIC-Made Rules) Amendment Instrument 2022/248.

2        Commencement

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

Note:    The register may be accessed at Authority

This instrument is made under section 798G of the Corporations Act 2001.

4        Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

ASIC Market Integrity Rules (Securities Markets and other ASIC-Made Rules) Amendment Instrument 2022/117

1        Item 6 of Schedule 1 (paragraph 1.1.8(1)(t))

Omit “paragraph 7.1.1.(4)(a)”, substitute “paragraph 7.1.1(4)(a)”.

2        Item 8 of Schedule 2 (paragraph 2.2.3(2)(b))

(a)     Omit “(ii)”, substitute “(i)”;

(b)     Omit “(iii)”, substitute “(ii)”;

(c)     Omit “(iv)”, substitute “(iii)”; and

(d)     Omit “(v)” substitute “(iv)”.

3        Item 10 of Schedule 2 (heading)

Repeal the heading, substitute “Rule 3.5.3”.

4        Item 10 of Schedule 2

Omit:

“Insert: 

“(2) The Market Participant must keep a record of the identity of the authoriser, and the date and time of the authorisation.””

Substitute:

“Repeal the rule, substitute:

3.5.3         Client authorisation

(1) Before executing an Exchange For Physical Order on behalf of a Client, a Market Participant must be authorised by the Client to do so either specifically or generally.

(2) The Market Participant must keep a record of the identity of the authoriser, and the date and time of the authorisation.”

5          Item 12 of Schedule 2 (paragraph 4.4.1(2)(b))

(a)     Omit “(ii)”, substitute “(i)”;

(b)     Omit “(iii)”, substitute “(ii)”;

(c)     Omit “(iv)”, substitute “(iii)”; and

(d)     Omit “(v)” substitute “(iv)”.