ASIC Market Integrity Rules (Futures Markets) 2017 (Cth)

ASIC Market Integrity Rules (Futures Markets) 2017 made under subsection 798G of the Corporations Act 2001

Compilation No. 6 Compilation date: 15 October 2024 Includes amendments up to: ASIC Market Integrity Rules (Amendment) Instrument 2024/774 (F2024L01303)

Contents Chapter 1: Introduction.........................................4 Part 1.1..Preliminary ...........................................4 Part 1.2..Waiver ...................................................6 Part 1.3..Notice, notification and service of documents...................7 Part 1.4..Interpretation..........................................7 Part 1.5..Participants of multiple Markets............................16 Part 1.6..Transitional............................................ 17 Chapter 2: Market Participants...................................18 Part 2.1..Notification ..........................................18 Part 2.2..Supervision and risk management.........................18 Part 2.3..Account reconciliation obligations..........................28 Part 2.4..Foreign Participants....................................33 Chapter 3: Trading principles....................................35 Part 3.1..Trading principles for Orders entered on the Trading Platform......35 Part 3.2..Strategy Trading......................................43 Part 3.3..Pre-negotiated business orders............................43 Part 3.4..Trading principles for Block Trades.........................45 Part 3.5..Trading principles for Exchange For Physical transactions........45 Part 3.6..Suspicious activity reporting..............................46 Chapter 4: The Market operator..................................48 Part 4.1..Provision of surveillance and supervision data by the Market operator48 Part 4.2..Provision of information about Market Participants..............49 Part 4.3..Record keeping.......................................49 Part 4.4..Supervision and risk management.........................50 Chapter 5: Crossing Systems....................................52 Part 5.1AA Application ..........................................52 Part 5.1..Reporting requirements for Crossing Systems.................52 Part 5.2..Disclosure requirements for Crossing Systems................53 Part 5.3..Fair treatment, fairness and priority in dealing and opting out by users of Crossing Systems 57 Part 5.4..Crossing Systems—Monitoring and suspicious activity reporting....58 Part 5.5..Crossing System system controls..........................60 Chapter 7: Margins and right of Close Out..........................61 Part 7.1..Interpretation.........................................61 Part 7.2..Obligations for Trading Participants.........................62 Chapter 8: Extreme price movements.............................66 Part 8.1A.Application ..........................................66 Part 8.1..Order entry controls for Anomalous Orders...................66 Part 8.2..Extreme Trade Range..................................67 Part 8.3..Transparent cancellation policies..........................71 Chapter 8A: Market operators—Critical Business Services, Information Security and Business Continuity Plans 72 Part 8A.1.Application and Definitions...............................72 Part 8A.2.Trading controls.......................................73 Part 8A.3.Critical Business Services...............................73 Part 8A.4.Information security....................................76 Part 8A.5.Business Continuity Plans...............................77 Part 8A.6.Governance..........................................79 Chapter 8B: Market Participants—Critical Business Services, Information Security and Business Continuity Plans 81 Part 8B.1.Application and Definitions...............................81 Part 8B.2.Critical Business Services...............................82 Part 8B.3.Information security....................................85 Part 8B.4.Business Continuity Plans...............................86 Part 8B.5.Governance..........................................88 Schedule ...................................................................89 Form 1 Part 1 .........................................................89 Form 1 Part 2 .........................................................90 Endnotes ...............................................................92 Endnote 1—About the endnotes...................................92 Endnote 2—Abbreviation key.....................................93 Endnote 3—Legislation history....................................94 Endnote 4—Amendment history...................................95