ASIC has released a consultation paper proposing market integrity rules for capital and related requirements for the ASX, ASX 24 and the new Chi-X markets.
Consultation Paper 161 includes the following proposals:
- Inserting new capital, reporting and margin rules into the existing ASIC market integrity rules for the ASX and ASX 24 markets, starting on 1 August 2011. These rules will only apply to non-clearing market participants
- Market integrity rules for capital and reporting for the Chi-X market, with the rules starting on 31 October 2011
- Inserting a rule into existing rules for the ASX 24 that would require all ASX 24 market participants to complete daily client money reconciliation. This rule would start on 1 January 2012
- Reduce lodging time for ASX 24 market monthly capital returns from one month to 10 business days after the end of each calendar month. This would start on 1 August 2011
Feedback
Feedback on the Consultation Paper is due by 30 June 2011
Comments can be sent to:
John Chellew
Lawyer
Market and Participant Supervision
Australian Securities and Investments Commission
GPO Box 9827
Melbourne Vic 2011
Facsimile: (03) 9280 3444
Email: john.chellew@asic.gov.au
For further information:
The full ASIC media release is here: 11-113AD
Link to Consultation Paper 161: Proposed ASIC market integrity rules for capital and related requirements: ASX, ASX 24 and Chi-X markets: here
Link to the home page for the CP and related forms: here