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 www.legislation.gov.au.

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Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.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

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

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)”.