Register of waivers granted under ASIC market integrity rules
ASIC has the responsibility for granting waivers from the obligation to comply with a provision of the market integrity rules and ASIC may publish a notice of a waiver on our website. Notice of waivers granted by ASIC under each rule book is set out below.
See waivers granted under:
ASIC Market Integrity Rules (ASX Market) 2010
| Date of instrument | Instrument No | Entity | Effect of waiver |
| 24/8/2011 | [11/835] | CMC Markets Stockbroking Limited | Conditional - Waiver of Rule 3.5.3 to allow the market participant to deposit money received from a client who is a resident of New Zealand in a clients' segregated account or a clients' trust account with the Bank of New Zealand |
ASIC Market Integrity Rules (ASX 24 Market) 2010
| Date of instrument | Instrument No | Entity | Effect of waiver |
| 10/10/2011 | [CW 11/734]  | Class Rule Waiver | Conditional - Class Rule Waiver [CW 11/734] relieves an ASX 24 market participant from the obligation to have in force a client agreement containing a term to the effect of the acknowledgement specified in Rule 2.2.5(1)(b)(vi) of the ASX 24 Rules in respect of certain kinds of clients on whose behalf they acquire and dispose of contracts on the ASX 24 market.
Explanatory statement |
| 14/3/2012 | 12/0322 | Interactive Brokers LLC | Conditional - Waiver of the obligation in subrule 6.2.1(1) to prepare and deliver to ASIC a monthly return within ten business days of months's end, as set out by paragraph 6.2.1(2)(b), providing the monthly return is prepared and delivered to ASIC within fifteen business days. |
ASIC Market Integrity Rules (Chi-X Australia Market) 2011
| Date of instrument | Instrument No | Entity | Effect of waiver |
| 13/12/2011 | 11/1334 | Interactive Brokers LLC | Conditonal - Waiver of the obligation in subrule 9.2.3(1) to prepare and deliver to ASIC a monthly return within ten business days of month's end, as set out by paragraph 9.2.3(1)(a) and (b), providing the monthly return is prepared and delivered to ASIC within fifteen business days. |
ASIC Market Integrity Rules (Competition in Exchange Markets) 2011
| Date of instrument | Instrument No | Entity | Effect of waiver |
| 27/10/2011 | [CW 11/1103] | Class Rule Waiver | Conditional - Class Rule Waiver [CW 11/1103] relieves ASX and Chi-X market participants from the obligation to comply with Rule 4.1.1(1) of the Competition Rules in the case of:
- ETF Special Trades, Transactions on the VolumeMatch Book, certain Special Crossings and a Crossing of a Derivative/Cash Combination;
- a Trade At or Within the Spread where the Best Available Bid and Best Available Offer does not include PureMatch data; and
- primary market transactions and securities lending and borrowing arrangements.
Explanatory statement |
| 28/10/2011 | [11/1109] | ASX Limited | Unconditional - Waiver relieves ASX from the obligation to comply with Part 2.1 of the Competition Rules from 31 October 2011 up to and including to the earlier of 27 November 2011 and the day before the day on which the order book maintained by or on behalf of ASX and known as "PureMatch" commences operating. |
| 28/10/2011 | [11/1110] | ASX Limited | Withdrawn on 28/11/2011 - see ASIC Waiver [11/1253]. From 28/10/2011 to 27/11/2011 ASIC Waiver [11/1110] relieved ASX from the obligation to comply with the provisions of Parts 2.2 and 2.3 of the Competition Rules, in the case where compliance with the obligation in Rule 2.2.2(1) of the Competition Rules resulted in ASX determining a Reference Price for an Equity Market Product on the basis of a Transaction that was aberrant or erroneous. The conditions of the waiver had the effect that ASX was required to comply with the provisions of Parts 2.2 and 2.3 during that period using an alternative Reference Price determined by ASX. |
| 28/10/2011 | [11/1111] | ASX Limited | Unconditional - Waiver relieves ASX from the obligation to comply with Rule 4.1.2(1) of the Competition Rules from 31 October 2011 to 31 December 2012 (inclusive) in the case of an Order that is entered into, matched in or partially traded in the VolumeMatch Book or an Order that, if executed, would result in a Crossing of a Derivative/Cash Combination. |
| 28/10/2011 | [11/1113] | Chi-X Australia Pty Ltd | Conditional - Waiver relieves Chi-X from the obligation to comply with the provisions of Parts 2.2 and 2.3 of the Competition Rules, to the extent Chi-X is required to use the ASX Reference Price for the purposes of those provisions, from 31 October 2011 to 10 February 2012 (inclusive).The conditions of the waiver have the effect that Chi-X must comply with the provisions of Parts 2.2 and 2.3 using an alternative Reference Price determined by Chi-X. |
| 28/11/2011 | [11/1114] | ASX Limited | Unconditional - Waiver relieves ASX from the obligation to comply with:
- the provisions of Part 2.1 of the Competition Rules in the case of an Equity Market Product that is not quoted on at least two of TradeMatch, PureMatch and the Chi-X Market, from 28 November 2011 to 28 November 2012 (inclusive);
- Rule 2.1.3 of the Competition Rules to the extent that Rule 2.1.3 requires ASX to have in place controls to prevent Anomalous Orders from entering an Order Book of the ASX Market at a time on a Trading Day during which Orders are not matched and Transactions are not executed on a continuous basis on the relevant Order Book or an auction is being conducted on the relevant Order Book; and
- Rule 2.1.3 of the Competition Rules in the case of an Order to enter into a Combination.
|
| 28/11/2011 | [11/1253] | ASX Limited | Conditional - Waiver relieves ASX from the obligation to comply with the provisions of Parts 2.2 and 2.3 of the Competition Rules. The conditions of the waiver have the effect that ASX must comply with the provisions of Parts 2.2 and 2.3 using an alternative Reference Price determined by ASX for each order book (PureMatch and TradeMatch), or a revised alternative Reference Price where the alternative Reference Price is determined on the basis of a Transaction that is aberrant or erroneous. ASIC Waiver [11/1110] is withdrawn. |
| 28/2/2012 | [CW 12/233] | Class Rule Waiver | Amends paragraph 5 of ASIC Class Rule Waiver [CW 11/1103] to extend the relief given to Participants of the financial markets operated by ASX and Chi-X from the obligation to comply with Rule 4.1.1(1) of the Competition Rules in the case of a Trade at or Within the Spread where the Best Available Bid and Best Available Offer does not include PureMatch data.
Explanatory statement |
ASIC Market Integrity Rules (APX Market) 2010
No waivers have been granted for this rule book
ASIC Market Integrity Rules (IMB Market) 2010
No waivers have been granted for this rule book
ASIC Market Integrity Rules (NSXA Market) 2010
No waivers have been granted for this rule book
ASIC Market Integrity Rules (SIM VSE Market) 2010
No waivers have been granted for this rule book
Market integrity rules
Class orders
ASIC Website: Printed 05/17/2012
