(a) an Order that, if executed, would result in a transaction in relation to an Equity Market Product that is a Crossing of a Derivative/Cash Combination;

(b) an Auction Imbalance Order.

(i) Rule 8.1.3 in relation to an Anomalous Order that is a Tailor-Made Combination order and that is not a Derived Order.

(ii) subrule 6.1.2(1) in relation to an Order that is a Derived Order that results from a Derivative/Cash Combination or Cash Only Combination traded as a Tailor-Made Combination.

(iii) paragraph 8.3.1(2)(a) in relation to a transaction in an Equity Market Product that results from a Derivative/Cash Combination or Cash Only Combination traded as a Tailor-Made Combination. This relief is subject to a condition that ASX must have a prescribed policy in relation to re-pricing and cancelation of transactions with the Extreme Trade Range.

See entry for ASIC Market Integrity Rules (Securities Markets) BNP Paribas SA Waiver 2022/811 below about the successor entity.

The waiver is amended by the ASIC Market Integrity Rules (Securities Markets) Class Waiver (Amendment) Instrument 2022/25 to extend its operation until 30 November 2023.

(i) as an ETF Special Trade;

(ii) as a Crossing of a Derivative/Cash Combination;

(iii) as a result of a Derived Order relating to a component leg of a Derivative/Cash Combination or a Cash Only Combination that is traded as a Tailor-Made Combination;

(iv) as part of a contingent equity transaction (until 4 May 2020);

(v) as an Exchange-Traded Fund Special Trade on the Chi-X Market; or

(vi) a Trade with Price Improvement where the Best Available Bid and Best Available Offer does not include PureMatch data.

Operation extended to 30 November 2023 by ASIC Market Integrity Rules (Securities Markets) Class Waiver (Amendment) Instrument 2021/926.

(1) a provision of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 only to the extent that the provision requires it to make or apply an FX Position Risk Calculation (in respect of assets denominated in a currency other than Australian dollars), provided that it instead makes or applies an Alternative FX Position Risk Calculation (for assets denominated in a currency other than Hong Kong dollars) in place of the FX Position Risk Calculation;

(2) paragraph 9.2.2(1)(b) and subrule 9.2.2(2) of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 on the condition that it implements an alternative capital monitoring system and provides analogous reports to ASIC;

(3) rule 9.2.3 of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 on the condition that it must prepare and deliver to ASIC by the 21st day of each calendar month:

(a) a Monthly Risk-Based Return are prepared in accordance with accounting standards and principles which are generally accepted in Hong Kong; and

(b) a Risk-Based Return Declaration relating to the Monthly Risk-Based Return.

(4) subrule 9.2.4(1) of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 and paragraph 4.3.2(1)(a) of the ASIC Market Integrity Rules (Securities Markets) 2017 on the condition that it submits to ASIC within 4 months of its financial year end its statutory accounts required under the laws of Hong Kong and documents, returns and declarations substantially similar to those required under subrule 9.2.4(1)of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017.

This waiver expires after 1 July 2025.

(a) BNPP’s Trading Permission in respect of Cash Market Products is restricted to reporting on a Trading Platform of ASX any Cash Market Transactions arising from the exercise of a Derivatives Market Contract;

(b) BNPP is not permitted by ASX to have arrangements for connectivity to the Trading Platform of ASX; and

(c) BNPP’s Trading Permission and clearing arrangements in respect of Derivative Market Transactions is restricted to receiving allocations as Second Participant;

Subject to the following conditions:

(a) BNPP must notify ASIC of any changes to:

(i) the conditions imposed by ASX on the admission or Trading Permission of BNPP; and

(ii) the business model for the business that BNPP carries on in relation to the ASX Market;

(b) BNPP must notify ASIC of any changes referred to in paragraph (a) at least 10 Business Days before those changes take effect, or if it is not reasonably practicable to notify ASIC by that time, as soon as reasonably practicable after that time.

Exempts participants of the markets operated by the National Stock Exchange of Australia Limited (NSXA) and the Sydney Stock Exchange Limited (SSX) from their obligations to comply with Parts 3.8, 3.9, 3.10. 3.11, 5.1AA, 5.9A, 6.1, 6.3 and 7.4.

Exempts the NSXA and SSX from their obligations as market operators to comply with Parts 6.1, 6.3, 7.4, 9.1, 9.2, 9.3 and 9.4 and Chapter 8.

(1) a provision of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 only to the extent that the provision requires it to make or apply an FX Position Risk Calculation (in respect of assets denominated in a currency other than Australian dollars), provided that it instead makes or applies an Alternative FX Position Risk Calculation (for assets denominated in a currency other than Hong Kong dollars) in place of the FX Position Risk Calculation;

(2) paragraph 9.2.2(1)(b) and subrule 9.2.2(2) of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 on the condition that it implements an alternative capital monitoring system and provides analogous reports to ASIC;

(3) rule 9.2.3 of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 on the condition that it must prepare and deliver to ASIC by the 21st day of each calendar month:

(a) a Monthly Risk-Based Return are prepared in accordance with accounting standards and principles which are generally accepted in Hong Kong; and

(b) a Risk-Based Return Declaration relating to the Monthly Risk-Based Return.

(4) subrule 9.2.4(1) of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017 and paragraph 4.3.2(1)(a) of the ASIC Market Integrity Rules (Securities Markets) 2017 on the condition that it submits to ASIC within 4 months of its financial year end its statutory accounts required under the laws of Hong Kong and documents, returns and declarations substantially similar to those required under subrule 9.2.4(1)of the ASIC Market Integrity Rules (Securities Markets - Capital) 2017.

This waiver expires after 1 July 2025.

(1) Rule 8.1.3 to have in place adequate controls to prevent an Anomalous Order that is a Net Price Strategy Order from entering an Order Book of the ASX 24 Market where:

(a) at the time of entry, there is no Anomalous Order Threshold established for one or more of the Futures Market Contracts which are the subject of the Net Price Strategy Order; or

(b) the Net Price Strategy Order matches with another Net Price Strategy Order and the resulting trade price generated by the Spread Trade Price Algorithm is outside the current Anomalous Order Threshold for one or more of the corresponding Futures Market Contracts.

(2) subrule 8.2.2(1) to determine the Reference Price for an ASX SPI 200 Future or Equity Index Future at specified times and using the methodology set out in that Rule provided it determines and uses an Alternative Reference Price.

(3) paragraph 8.2.2C(1)(c) to immediately impose a Trading Pause on an ASX SPI 200 Future or Equity Index Future for a period of two minutes following an ETR Event that occurs where:

(a) the price of the opening transaction in the ASX SPI 200 Future or Equity Index Future on an Order Book of the ASX 24 Market after a Trading Reset was Invalid;

(b) ASX 24 determines an Alternative Reference Price for the ASX/SPI 200 or Equity Index Future; and

(c) the price for the opening transaction is in the Extreme Trade Range as determined by reference to the Alternative Reference Price.

The relief in the instrument applies until 20 March 2020.

(a) subrule 2.2.1(1)(a), to the extent that subrule requires the Market Participant to set and document an appropriate pre-determined aggregate loss limit on each of its Client Accounts.  This waiver is conditional on the Market Participant implementing appropriate processes to monitor the aggregate loss limit on each of its Client Accounts; 

(b) subrule 2.2.1(1)(ab), to the extent that subrule requires the Market Participant to set and document an appropriate pre-determined aggregate loss limit on each of its House Accounts. This waiver is conditional on the Market Participant implementing appropriate processes to monitor the aggregate loss limit on each of its House Accounts; and

(c) subrule 2.2.1(1)(c), to the extent that subrule requires a Market Participant’s risk manager to input the aggregate loss limits determined by the Market Participant in accordance with subrules 2.2.1(a) and 2.2.1(ab) into Trading Platform account maintenance

The relief in the instrument expires on 22 March 2027.