CP 222 Reducing red tape: Proposed amendments to the market integrity rules
Released 21 August 2014. Comments close 2 October 2014.
This consultation paper seeks feedback from market participants and investors on proposals to repeal or refine three categories of obligations under the ASIC market integrity rules for the ASX, Chi-X, APX, NSXA and SIM VSE markets.
This consultation paper proposes to repeal or refine market integrity rules:
- requiring certain market participants to notify ASIC of details of their professional indemnity insurance cover (although the obligation to have cover will remain);
- requiring certain market participants to obtain ASIC’s consent before sharing business connections; and
- prohibiting certain transactions during takeovers, schemes of arrangement and buy-backs.
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