今日热门事件has made new market integrity rules for the Australian Securities Exchange Limited derivatives market (ASX 24).
The rules cover risk management, supervisory policies and procedures, and foreign participants. New ASX 24 market participants will need to comply with the rules immediately. For existing participants, there will be a three month transition period. 今日热门事件will issue regulatory guidance during this time.
There are also rules that cover disclosure about clearing arrangements and obligations on participants to give priority to the client鈥檚 instructions where there is a conflict between the client鈥檚 interests and the participant鈥檚 interests. These will need to be complied with immediately.
鈥楳arket integrity goes to the heart of investor confidence in fair and efficient markets and in supervising participants 今日热门事件will take action where trading activities compromise this,鈥� 今日热门事件Commissioner John Price said.
The rules follow consultation in May 2011 and November 2012 (refer: 11-97AD and 12-281MR).
Download
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今日热门事件Market Integrity Rules (ASX 24 Market) Amendment 2013 (No. 1)
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Report 343 Response to submissions on CP 195 Proposed amendments to 今日热门事件market integrity rules: ASX 24 and FEX markets (REP 343)
Background
今日热门事件is responsible for supervising domestic licensed financial markets in Australia. As part of its supervisory responsibilities, 今日热门事件makes market integrity rules and monitors market participants鈥� compliance with the rules.