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. Market integrity rules are legislative instruments. ASIC requires Ministerial consent before making any rules and any rules are subject to Parliamentary disallowance.
ASIC is responsible for supervising compliance with these rules.
Market integrity rules for the ASX, ASX 24, APX, IMB, NSXA and SIM VSE markets were released on 1 August 2010. Market integrity rules for the Chi-X market and for competition in exchange markets were released on 29 April 2011 – read the advisory.
We have also issued guidance on these market integrity rules:
Frequently asked questions
- compilation prepared on 11 February 2011 taking into account amendments made by Amendment 2011 (No. 1)