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. 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.

Competition in exchange markets

Market integrity rules	ASIC Market Integrity Rules (Competition in Exchange Markets) 2011 Amendment 2012 (No. 1) Amendment 2013 (No. 1)
Guidance	Regulatory Guide 223 Guidance on ASIC market integrity rules for competition in exchange markets
Frequently asked questions	FAQs - Competition market integrity rules and implementation issues
Waivers	Waivers - competition in exchange markets
Consultation	Consultation paper and draft rules - retail trading in Commonwealth Government Securities Consultation documents - equity market structure Review of market structure - consultation process and timetable Dark liquidity and high-frequency trading: Proposals

ASX

Market integrity rules	ASIC Market Integrity Rules (ASX Market) 2010 Amendment 2011 (No. 1) Amendment 2011 (No. 2) Amendment 2011 (No. 3) Amendment 2012 (No. 1) Amendment 2012 (No. 2) Amendment 2012 (No. 3) Amendment 2013 (No. 1) Comparison of ASX Market Rules and ASIC Market Integrity Rules (ASX Market) 2010
Guidance	Regulatory Guide 214 Guidance on ASIC market integrity rules for ASX and ASX 24 markets Regulatory Guide 226 Guidance on ASIC market integrity rules for capital and related requirements: ASX and ASX 24 markets Regulatory Guide 238 Suspicious activity reporting Information Sheet 158 Short sale tagging
Frequently asked questions	FAQs - Competition market integrity rules and implementation issues
Waivers	Waivers - ASX market
Consultation	Consultation paper and draft rules - Automated trading Consultation documents - ASX, ASX 24 and Chi-X markets Consultation documents - Non-AFS licensee foreign participants Dark liquidity and high-frequency trading: Proposals

ASX 24*

Market integrity rules	ASIC Market Integrity Rules (ASX 24 Market) 2010 Amendment 2011 (No. 1) Amendment 2013 (No. 1) Comparison of SFE Operating Rules and ASIC Market Integrity Rules (ASX 24 Market) 2010
Guidance	Regulatory Guide 214 Guidance on ASIC market integrity rules for ASX and ASX 24 markets Regulatory Guide 226 Guidance on ASIC market integrity rules for capital and related requirements: ASX and ASX 24 markets
Waivers	Waivers - ASX 24 market
Consultation	Consultation documents - ASX, ASX 24 and Chi-X markets Consultation Paper 195: Proposed amendments to ASIC market integrity rules: ASX 24 and FEX Markets Dark liquidity and high-frequency trading: Proposals

Chi-X

Market integrity rules	ASIC Market Integrity Rules (Chi-X Australia Market) 2011 Amendment 2011 (No. 1) 29 October 2011 Amendment 2011 (No. 2) 31 October 2011 Amendment 2012 (No. 1) 18 July 2012 Amendment 2012 (No. 2) 19 July 2012 Amendment 2012 (No. 3) November 2012
Guidance	Regulatory Guide 224 Guidance on ASIC market integrity rules for Chi-X market Regulatory Guide 238 Suspicious activity reporting Information Sheet 158 Short sale tagging
Frequently asked questions	FAQs - Competition market integrity rules and implementation issues
Waivers	Waivers - Chi-X market
Consultation	Consultation paper and draft rules - Automated trading Consultation documents - ASX, ASX 24 and Chi-X markets Consultation documents - Non-AFS licensee foreign participants Dark liquidity and high-frequency trading: Proposals

APX

Market integrity rules	ASIC Market Integrity Rules (APX Market) 2010 Comparison of APX Business Rules and ASIC Market Integrity Rules (APX Market) 2010
Guidance	Regulatory Guide 215 Guidance on ASIC market integrity rules for APX, IMB, NSXA and SIM VSE markets

IMB

Market integrity rules	ASIC Market Integrity Rules (IMB Market) 2010 Comparison of IMB Operating Rules and ASIC Market Integrity Rules (IMB Market) 2010
Guidance	Regulatory Guide 215 Guidance on ASIC market integrity rules for APX, IMB, NSXA and SIM VSE markets

NSXA

Market integrity rules	ASIC Market Integrity Rules (NSXA Market) 2010 Comparison of NSXA Business Rules and ASIC Market Integrity Rules (NSXA Market) 2010
Guidance	Regulatory Guide 215 Guidance on ASIC market integrity rules for APX, IMB, NSXA and SIM VSE markets

SIM VSE**

Market integrity rules	ASIC Market Integrity Rules (SIM VSE Market) 2010 Comparison of SIM VSE Business Rules and ASIC Market Integrity Rules (SIM VSE Market) 2010
Guidance	Regulatory Guide 215 Guidance on ASIC market integrity rules for APX, IMB, NSXA and SIM VSE markets

FEX - proposed

Consultation paper

Consultation Paper 157 Proposed ASIC market integrity rules: FEX market

Consultation Paper 195: Proposed amendments to ASIC market integrity rules: ASX 24 and FEX Markets

Notes
*Formerly known as Sydney Futures Exchange
** Formerly known as Bendigo Stock Exchange

ASIC Website: Printed 05/19/2013

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