Register of waivers granted under ASIC market integrity rules (before 7 May 2018)
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.
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. |
| 5/9/2012 | [CW 12/1143] | Class Rule Waiver | Unconditional – Class Rule Waiver [CW 12/1143] gives effect to the transitional implementation period for Market Participants by waiving the obligation to comply with Part 5.11 of the ASX Rules until 20 January 2013. |
| 8/11/2013 | [13/1347] | Commonwealth Securities Limited | Conditional – Waiver of the obligation to comply with Rule 3.2.4 of the ASIC Market Integrity Rules (ASX Market) 2010, from 10 November 2013 until 31 March 2014 to the extent that the provision prohibits a Market Participant, when entering into a Market Transaction as Principal, from charging a Client brokerage, commission or any other fee in respect of the Market Transaction. The waiver is subject to the condition that any brokerage, commission or other fee charged to a client is reimbursed by 15 April 2014. |
| 18/12/2013 | [13/1507] | Wealthhub Securities Limited | Conditional – Waiver of the obligation to comply with Rule 5.10.7(2) only in relation to Equity Securities traded on international markets, on the condition that a number of disclosure and record keeping requirements are met. |
| 27/10/2014 | [CW 14/1091] | Class Rule Waiver | Conditional – Class Rule Waiver [CW 14/1091] amends Rule 3.4.3 to provide an alternative reporting regime to Rule 3.4.1, provided certain conditions are met, including that the clients are not Retail Clients. |
| 15/12/2015 | [CW 15/932] | Class Rule Waiver | Conditional - Class Rule Waiver [CW 15/932] relieves certain market participants from the obligation under Rule 3.5.8(1) to perform daily reconciliations of their clients' segregated accounts (CSA) by 7:00 pm on the next trading day, subject to the condition that the reconciliation be performed by 12:00 pm on the second trading day. It applies to market participants that rely on information from overseas parties to perform these reconciliations. It also requires those market participants to report any issues with the CSA reconciliations to ASIC within one business day. |
| 28/2/2017 | [17/0170] | BNP Paribas Securities Services | Conditional - Waiver from the obligation to comply with (a) all of the provisions of the ASX Rules and (b) all of the provisions of the Competition Rules. The waiver is granted subject to certain conditions including that there are no changes to either BNPSS' current business model or the conditions imposed by ASX on BNPSS admission as an ASX market participant.
Waiver commences 1 March 2017. |
| 7/7/2017 | [CW 17/0583] | Class Rule Waiver | Unconditional - Class Rule Waiver [CW 17/0583] provides relief to market participants from the requirement to comply with the obligations of subrule 2.3.3(1), rule 2.3.4 and subrule 2.3.5(1) of the ASIC Market Integrity Rules (ASX Market) 2010. |
| 31/10/2017 | [17/0983] | Liquidnet Australia Pty Ltd | Conditional - Waiver from the obligation to comply with Rule 2.5.2 of the ASX Rules. The waiver is granted subject to certain conditions, including that Liquidnet's trading permission is restricted to reporting transactions executed in their crossing system and that they notify ASIC of any changes to their trading permission. |
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. |
| 14/3/2012 | [12/322] | 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 month'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. |
| 19/8/2013 | [CW 13/972] | Class Rule Waiver | Unconditional – Class Rule Waiver [CW 13/972] relieves a principal trader from the obligation to comply with Rules 2.2.1(1)(ab), (b), (c) and (e) of the ASIC Market Integrity Rules (ASX 24 Market) 2010, in the case where the principal trader is a client of another market participant and the principal trader accesses the market through that market participant. |
| 10/10/2013 | [13/1221] | BNP Paribas | Conditional – Waiver of the obligations in subrule 6.2.1(1) to prepare and deliver to ASIC a monthly return within ten business days of months' end, as set out by paragraph 6.2.1(2)(b), and 6.2.1(5), providing a prescribed Tier 1 Capital is maintained and Quarterly Capital Statements are lodged with ASIC. |
| 11/12/2013 | [13/1538] | JP Morgan Markets Australia Pty Limited | Conditional – Waiver of the obligation to comply with subrule 3.1.17(1) which prohibits a market participant from offering and/or allocating trades to a client unless those trades have been obtained under instructions previously obtained from that client, in the case where JP Morgan Markets Australia Pty Limited allocates open futures positions acquired through an ASX OTC default management auction, to JP Morgan Chase Bank. |
| 23/1/2014 | [13/1643] | Macquarie Bank Limited | Conditional – Waiver of the obligation to comply with subrule 2.2.6(b) to the extent that this subrule prohibits the payment of Permitted Money into a Client Segregated Account maintained by the market participant, provided the client will be advised in writing that the Permitted Money will be held in a Client Segregated Account operated under the ASX 24 Market Integrity Rules |
| 28/02/2014 | [14/115] | Newedge Australia Ltd | Withdrawn on 11/3/2015 – see ASIC Instrument [15/0029]. Conditional – Waiver of the obligation to comply with Rule 7.2.10. The relief applied only where Newedge Australia arranges for credit, through Newedge Hong Kong, to meet Initial and Variation Margin requirements of clients which are wholesale corporate entities. |
| 24/07/2014 | [14/740] | Newedge Australia Ltd | Conditional – Waiver relieves Newedge Australia from the obligation to comply with Rule 7.2.10. The relief applies only where Newedge Australia arranges for credit to a corporate entity to meet their Initial and Variation requirement through any of the following related entities: (a) Societe Generale SA; (b) Societe Generale Hong Kong; or (c) Societe Generale Singapore. |
| 4/9/2014 | [14/733] | Citigroup Global Markets Australia | Conditional – Waiver of the obligation to comply with subrule 2.2.6(b) to the extent that this subrule prohibits the payment of Permitted Money into a Client Segregated Account maintained by the market participant, provided the client will be advised in writing that the Permitted Money will be held in a Client Segregated Account operated under the ASX 24 Market Integrity Rules. |
| 11/3/2015 | [15/0296] | Newedge Australia Limited | Withdrawal waiver – ASIC withdraws Waiver [14/115] granted by ASIC to Newedge Australia Pty Ltd on 28 February 2014. Effective 11 March 2015. |
| 15/12/2015 | [CW 15/933] | Class Rule Waiver | Conditional - Class Rule Waiver [CW 15/933] relieves certain market participants from the obligation under Rule 2.3.2(1) to perform daily reconciliations of their clients' segregated accounts (CSA) by 7:00 pm on the next business day, subject to the condition that the reconciliation be performed by 12:00 pm on the second business day. It applies to market participants that rely on information from overseas parties to perform these reconciliations. It also requires those market participants to report any issues with the CSA reconciliations to ASIC within one business day. |
| 15/3/2017 | [CW 17-0251] | Class Rule Waiver | Conditional - Class Rule Waiver [CW 17/0251] relieves a Market Participant from the obligation to comply with: (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 This relief will cease at the end of 20 March 2020. |
| 3/10/2017 | [CW 17/740] | Class Rule Waiver | Conditional - Class Rule Waiver [CW 17/740] provides relief from Rules 7.2.2(4), 7.2.5, 7.2.6 and 7.2.8 of the ASIC Market Integrity Rules (ASX 24 Market) 2010, to the extent that those rules apply the definition of 'Approved Securities' set out in Rule 7.1.1. The class rule waiver introduces a new term 'Approved Collateral' which refers to securities or other collateral or property accepted by ASX Clear (Futures). |
| 5/3/2018 | [CW 18/0143] | Class Rule Waiver | Conditional - Class Rule Waiver [CW 18/0143] amends ASIC Class Rule Waiver [17-0251] by extending on the same terms, for a further two years, the relief for a Market Participant from the aggregate loss limit obligations in subrules 2.2.1(1)(a), 2.2.1(ab) and 2.2.1(1)(c) of the ASIC Market Integrity Rules (ASX 24 Market) 2010. |
| 14/3/2018 | [CW 18/140] | Class Rule Waiver | Conditional - Class Rule Waiver [CW 18/140] amends Class Rule Waiver [CW 17/740], by correcting a typographical error in Paragraph 9(4)(b) of Class Rule Waiver [CW 17/740]. In Paragraph 9(4)(b) a cross-reference to paragraphs “9(3)(i) and (ii)” should be a cross-reference to paragraphs “9(4)(a)(i) and (ii)”. |
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 | Conditional – 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. |
| 5/9/2012 | [CW 12/1144] | Class Rule Waiver | Unconditional – Class Rule Waiver [CW 12/1144] gives effect to the transitional implementation period for Market Participants by waiving the obligation to comply with Part 5.11 of the Chi-X Rules until 20 January 2013. |
| 8/11/2013 | [13/1389] | Commonwealth Securities Limited | Conditional – Waiver of the obligation to comply with Rule 3.2.4 of the ASIC Market Integrity Rules (Chi-X Market) 2010, from 10 November 2013 until 31 March 2014 to the extent that the provision prohibits a Market Participant, when entering into a Market Transaction as Principal, from charging a Client brokerage, commission or any other fee in respect of the Market Transaction. The waiver is subject to the condition that any brokerage, commission or other fee charged to a client is reimbursed by 15 April 2014. |
| 18/12/2013 | [13/1515] | Wealthhub Securities Limited | Conditional – Waiver relieves Wealthhub Securities Limited from the obligation to comply with Rule 5.10.7(2) of the ASIC Market Integrity Rules (Chi-X Australia Market) 2011 in relation to Equity Securities traded on the overseas exchange market, on the condition that a number of disclosure and record keeping requirements are met. |
| 7/7/2017 | [CW 17/0584] | Class Rule Waiver | Unconditional - Class Rule Waiver [CW 17/0584] provides relief to market participants from the requirement to comply with the obligations of subrule 2.3.3(1), rule 2.3.4 and subrule 2.3.5(1) of the ASIC Market Integrity Rules (Chi-X Australia Market) 2011. |
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 | Withdrawn on 31/12/2012 – see ASIC Class Rule Waiver[CW 12/1710] . From 31/10/2011 to 31/12/2012 ASIC Class Rule Waiver [CW 11/1103] relieved ASX and Chi-X market participants from the obligation to comply with Rule 4.1.1(1) of the Competition Rules for:
|
| 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 | Withdrawn on 31/12/2012 – see ASIC Waiver [12/1770]. From 31/10/2011 to 31/12/2012 ASIC Waiver [11/1111] relieved ASX from the obligation to comply with Rule 4.1.2(1) of the Competition Rules 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 [11/1113] 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 [11/1114] relieves ASX from the obligation to comply with:
|
| 28/11/2011 | [11/1253] | ASX Limited | Withdrawn on 27/11/2012 – see ASIC Waiver [12/1600]. From 28/11/2011 to 27/11/2012 ASIC Waiver [11/1253] relieved 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 had 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. |
| 28/2/2012 | [CW 12/233] | Class Rule Waiver | Withdrawn on 31/12/2012 – see ASIC Class Rule Waiver[CW 12/1710] . ASIC Class Rule Waiver [CW 12/233] amended paragraph 5 of ASIC Class Rule Waiver [CW 11/1103] to extend 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 did not include PureMatch data. |
| 25/10/2012 | [CW 12/1520] | Class Rule Waiver | Unconditional (Rule 3.1.1(1))/Conditional (Rule 3.2.3(2)) - Class Rule Waiver [CW 12/1520] extends the transitional implementation period for ASX Participants by an additional 5 months, by waiving part of the obligation to comply with rules 3.1.1 and 3.2.3(2) of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011 until 1 March 2013. |
| 23/11/2012 | [12/1599] | Chi-X Australia Pty Ltd | Withdrawn on 27/5/2013 – see ASIC Waiver [13/683]. Conditional – Waiver relieves Chi-X, between 27 November 2012 and 26 May 2013 (inclusive), from the obligation to comply with:
|
| 23/11/2012 | [12/1600] | ASX Limited | Unconditional – Waiver [12/1600] relieves ASX, between 27 November 2012 and 26 May 2013 (inclusive), from the obligation to comply with:
ASIC Waiver [11/1253] is withdrawn. |
| 23/11/2012 | [12/1601] | ASX Limited | Withdrawn on 27/5/2013 – see ASIC Waiver [13/682]. Conditional – Waiver relieves ASX from the obligation to comply with paragraph 2.2.2C(1)(c) of the Competition Rules to the extent that provision requires ASX to immediately impose a Trading Pause on a Relevant Product for a period of two minutes following an ETR Event. The waiver applies between 27 November 2012 and 26 May 2013 (inclusive) and is subject to the condition that ASX must as soon as practicable impose a Trading Pause on the Relevant Product for a period of not less than one minute, unless a CSPA Session State or Pre-CSPA Session State would occur during the one minute period. Unconditional – Waiver relieves ASX from the obligation to comply with paragraph 2.2.2C(1)(c), to the extent that provision requires ASX to impose a Trading Pause on a Relevant Product for a two minute period following an ETR Event, where a CSPA Session State or Pre-CSPA Session State would occur during the two minute period. Conditional – Waiver relieves ASX, between 27 November 2012 and 26 May 2013 (inclusive), from the obligation to comply with paragraph 2.2.2C(1)(d), subrule 2.2.2C(4), paragraphs 6.1.1(1)(a) and (b), and subrule 6.2.1(1), to the extent those provisions require ASX to immediately notify Chi-X, through an electronic data feed and in a machine-readable format, that a Trading Pause has been imposed, lifted or removed in relation to a Relevant Product, and subrule 2.2.4(1) to the extent that provision requires ASX to have adequate arrangements for notifying Chi-X under paragraph 2.2.2C(1)(d) and subrule 2.2.2C(4). The waiver is subject to the condition that ASX notify Chi-X without delay by another appropriate means, and have adequate arrangements for doing so. Unconditional – Waiver relieves ASX from the obligation to comply with Rule 6.1.1 to the extent that Rule requires ASX to notify Chi-X each time ASX imposes, lifts or removes a Trading Suspension on the ASX Market, as a result of a notification from Chi-X of the imposition, lifting or removal of a Trading Suspension on the Chi-X Market. The waiver applies until withdrawn. |
| 13/12/2012 | [CW 12/1710] | Class Rule Waiver | Withdrawn on 26/5/2013 – see ASIC Class Rule Waiver[CW 13/680].Unconditional – From 1 January 2013, Class Rule Waiver [CW 12/1710] relieved 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:
|
| 24/12/2012 | [12/1770] | ASX Limited | Unconditional – From 1 January 2013, ASIC Waiver [12/1770] relieves ASX from the obligation to comply with Rule 4.1.2(1) of the Competition Rules in the case of an Order that, if executed, would result in a Crossing of a Derivative/Cash Combination. |
| 4/4/2013 | [13/365] | ASX Limited | Unconditional – From 4 April 2013 until 30 June 2013, ASIC Waiver [13/365] relieves ASX Limited (ASX) from the obligation to comply with Rule 5.1.6(1) of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011 (Competition Rules) to the extent that Rule 5.1.6(1) requires ASX to make available Trading Information specified in items 7 and 8 in the table set out in Rule 5.1.6(3) of the Competition Rules. |
| 24/5/2013 | [CW 13/680] | Class Rule Waiver | Unconditional – From 26 May 2013, Class Rule Waiver [CW 13/680] 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:
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| 24/5/2013 | [13/681] | Chi-X Australia Pty Ltd | Unconditional – Waiver [13/681] relieves Chi-X Australia Pty Ltd from the obligation to comply with Rule 4.1.2(1) of the Competition Rules during the period from 26 May 2013 to 26 September 2013 (inclusive) in the case of an Order that is received by the Market Operator as a Market Pegged Order, Mid-Point Order or Primary Pegged Order. Unconditional – Waiver [13/681] relieves Chi-X Australia Pty Ltd from the obligation to comply with Rule 6.4.1(1) of the Competition Rules during the period from 26 May 2013 to 26 September 2013 (inclusive) in the case of an Order on an Order Book that is accepted or queued as a Market Pegged Order, Mid-Point Order or Primary Pegged Order. |
| 27/5/2013 | [13/682] | ASX Limited | Withdrawn on 23/10/2013 – see ASIC Waiver [13/1278] Unconditional – Waiver [13/682] relieves ASX, between 27 May 2013 and 28 October 2013 (inclusive), from the obligation to comply with paragraph 2.2.2C(1)(c), to the extent that provision requires ASX to impose a Trading Pause on a Relevant Product for a two minute period following an ETR Event, where a CSPA Session State or Pre-CSPA Session State would occur during the two minute period. The waiver applies until withdrawn. Conditional – Waiver [13/682] relieves ASX, between 27 May 2013 and 28 October 2013 (inclusive), from the obligation to comply with paragraph 2.2.2C(1)(d), subrule 2.2.2C(4), paragraphs 6.1.1(1)(a) and (b), and subrule 6.2.1(1), to the extent those provisions require ASX to immediately notify Chi-X, through an electronic data feed and in a machine-readable format, that a Trading Pause has been imposed, lifted or removed in relation to a Relevant Product, and subrule 2.2.4(1) to the extent that provision requires ASX to have adequate arrangements for notifying Chi-X under paragraph 2.2.2C(1)(d) and subrule 2.2.2C(4). The waiver is subject to the condition that ASX notify Chi-X without delay by another appropriate means, and have adequate arrangements for doing so. ASIC Waiver [12/1601] is withdrawn. |
| 27/5/2013 | [13/683] | Chi-X Australia Pty Ltd | Withdrawn effective 28/10/2013 – see ASIC Waiver [13/1279] Conditional – Waiver [13/683] relieves Chi-X, between 27 May 2013 and 28 October 2013 (inclusive), from the obligation to comply with:
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| 23/10/2013 | [13/1263] | ASX Limited | Withdrawn effective 25/11/2013 – see ASIC Waiver [13/1508] Unconditional – Waiver [13/1263] relieves ASX from the obligations under Chapter 5A of the ASIC Market Integrity Rules (Competition). The Waiver commences on 28 October 2013 and applies until 25 November 2013. |
| 23/10/2013 | [13/1278] | ASX Limited | Withdrawn effective 25/11/2013 – see ASIC Waiver [13/1512] Conditional – Waiver [13/1278] relieves ASX from the obligation to comply with paragraph 2.2.2C(1)(c) of the ASIC Market Integrity Rules (Competition), to the extent that this provision requires ASX, after receiving a notification of an ETR event from Chi-X, to immediately impose a Trading Pause on a Relevant Product for a period of two minutes. The Waiver commences on 28 October 2013 and applies until 25 November 2013. Conditional – Waiver [13/1278] relieves ASX from the obligation to comply with paragraphs 2.2.2C(1)(d) and 2.2.4(1) of the ASIC Market Integrity Rules (Competition), to the extent that these provisions require ASX to have in place adequate arrangements to immediately notify ASIC and Chi-X that a Trading Pause has been imposed on a Relevant Product. The Waiver commences on 28 October 2013 and applies until 25 November 2013. ASIC Waiver [13/682] is withdrawn. |
| 23/10/2013 | [13/1280] | ASX Limited | Conditional – Waiver [13/1280] relieves ASX of the obligations in subrule 2.2.2C(1)(c) of the ASIC Market Integrity Rules (Competition), to the extent that this provision requires ASX, after receiving a notification of an ETR event from Chi-X, to immediately impose a Trading Pause on a Relevant Product for a period of two minutes. The Waiver commences on 26 November 2013 and applies until 25 November 2015. |
| 24/10/2013 | [13/1277] | Chi-X Australia Pty Ltd | Withdrawn effective 25/11/2013 – see ASIC Waiver [13/1511] Unconditional – Waiver of the obligations in Chapter 5A of the Market Integrity Rules (Competition). This Waiver commences on 28 October 2013 and applies until 25 November 2013. |
| 24/10/2013 | [13/1279] | Chi-X Australia Pty Ltd | Withdrawn effective 25/11/2013 – see ASIC Waiver [13/1513] Conditional – Waiver of the obligations in subrules 2.2.2B(2) and 6.2.1(1) of the Market Integrity Rules (Competition), to the extent subrules 2.2.2B(2) and 6.2.1(1) require Chi-X to immediately notify the Responsible Market Operator of an ETR Event on an Order Book of Chi-X’s Market through an electronic data feed. This Waiver commences on 28 October 2013 and applies until 25 November 2013. Conditional – Waiver of the obligations in paragraph 2.2.4(2)(ab) of the Market Integrity Rules (Competition), to the extent paragraph 2.2.4(2)(ab) requires Chi-X to have in place adequate arrangements for notifying the Responsible Market Operator that an ETR Event has occurred on Chi-X’s Market. This Waiver commences on 28 October 2013 and applies until 25 November 2013. Conditional – Waiver of the obligations in subrules 2.2.2C(2) and 6.1.2(1) of the Market Integrity Rules (Competition) to the extent subrules 2.2.2C(2) and 6.1.2(1) require Chi-X to place a Relevant Product into a Trading Pause on its Market immediately upon receipt of a notification under paragraph 2.2.2C(1)(d) or 6.1.1(1)(a) as a result of an ETR Event in relation to that Relevant Product. This Waiver commences on 28 October 2013 and applies until 25 November 2013. ASIC Waiver [13/683] is withdrawn. |
| 6/11/2013 | [CW 13/1073] | Class Rule Waiver | Conditional – Waiver relieves a Participant from the obligation to comply with Rule 4A.3.2(1)(a) and Rule 4A.3.2(2) of the Competition Rules. A Participant will only be able to rely on the Class Rule Waiver with respect to a client whose orders are not matched or executed in the Crossing System operated by the Participant. Unconditional – Waiver relieves a Participant from the obligation to comply with Rule 4A.5.1 of the Competition Rules for a period of six months. |
| 19/11/2013 | [CW 13/1448] | Class Rule Waiver | Unconditional – Waiver relieves a Participant from the obligation to comply with Rule 4.1.1(1) of the ASIC Market Integrity Rules (Competition) where the Participant enters into a Transaction by matching an Auction Imbalance Order. |
| 20/11/2013 | [CW 13/1479] | Class Rule Waiver | Withdrawn effective 9/12/2013 – see ASIC Class Rule Waiver [CW 13/1543] Unconditional – Waiver relieves a Participant of Chi-X Australia from the obligation to comply with Rule 4.1.1(1) of the ASIC Market Integrity Rules (Competition) where the Participant enters into a Transaction by placing Market on Close Orders. |
| 20/11/2013 | [13/1489] | Chi-X Australia Ltd | Withdrawn effective 9/12/2013 – see ASIC Waiver[13/1544] Unconditional – Waiver relieves Chi-X Australia from the obligation to comply with the Rule 4.1.2(1) of the ASIC Market Integrity Rules (Competition) for Market on Close Orders. |
| 21/11/2013 | [13/1495] | ASX Limited | Unconditional – Waiver relieves ASX from the obligation to comply with Rule 4.1.2(1) of the ASIC Market Integrity Rules (Competition) to an Order on the ASX market that is an Auction Imbalance Order. |
| 25/11/2013 | [13/1508] | ASX Limited | Withdrawn on 10/2/2014 by Instrument [14/0054]. Unconditional – Waiver relieves ASX from the obligations under Chapter 5A of the ASIC Market Integrity Rules (Competition). The Waiver commences on 25 November 2013 and applies until revoked by ASIC. ASIC Waiver [13/1263] is withdrawn. |
| 25/11/2013 | [13/1511] | Chi-X Australia Ltd | Withdrawn on 9/12/2013 by ASIC Instrument [13/1562] Unconditional – Waiver relieves Chi-X from the obligations in Chapter 5A of the Market Integrity Rules (Competition). This Waiver commences on 25 November 2013 and applies until revoked by ASIC. ASIC Waiver [13/1277] is withdrawn. |
| 25/11/2013 | [13/1512] | ASX Limited | Withdrawn on 10/2/2014 by Instrument [14/0057]. Conditional – Waiver relieves ASX from the obligation to comply with paragraph 2.2.2C(1)(c) of the ASIC Market Integrity Rules (Competition), to the extent that this provision requires ASX, after receiving a notification of an ETR event from Chi-X, to immediately impose a Trading Pause on a Relevant Product for a period of two minutes. The Waiver commences on 25 November 2013 and applies until revoked by ASIC. Conditional – Waiver relieves ASX from the obligation to comply with paragraphs 2.2.2C(1)(d) and 2.2.4(1) of the ASIC Market Integrity Rules (Competition), to the extent that these provisions require ASX to have in place adequate arrangements to immediately notify ASIC and Chi-X that a Trading Pause has been imposed on a Relevant Product. The Waiver commences on 25 November 2013 and applies until revoked by ASIC. ASIC Waiver[13/1278] is withdrawn. |
| 25/11/2013 | [13/1513] | Chi-X Australia Ltd | Withdrawn on 9/12/2013 by ASIC Instrument [13/1563] Conditional – Waiver of the obligations in subrules 2.2.2B(2) and 6.2.1(1) of the Market Integrity Rules (Competition), to the extent subrules 2.2.2B(2) and 6.2.1(1) require Chi-X to immediately notify the Responsible Market Operator of an ETR Event on an Order Book of Chi-X’s Market through an electronic data feed. This Waiver commences on 25 November 2013 and applies until revoked by ASIC. Conditional – Waiver of the obligations in paragraph 2.2.4(2)(ab) of the Market Integrity Rules (Competition), to the extent paragraph 2.2.4(2)(ab) requires Chi-X to have in place adequate arrangements for notifying the Responsible Market Operator that an ETR Event has occurred on Chi-X’s Market. This Waiver commences on 25 November 2013 and applies until revoked by ASIC . Conditional – Waiver of the obligations in subrules 2.2.2C(2) and 6.1.2(1) of the Market Integrity Rules (Competition) to the extent subrules 2.2.2C(2) and 6.1.2(1) require Chi-X to place a Relevant Product into a Trading Pause on its Market immediately upon receipt of a notification under paragraph 2.2.2C(1)(d) or 6.1.1(1)(a) as a result of an ETR Event in relation to that Relevant Product. This Waiver commences on 25 November 2013 and applies until revoked by ASIC. ASIC Waiver [13/1279] is withdrawn. |
| 5/12/2013 | [CW 13/1543] | Class Rule Waiver | Unconditional – Waiver relieves a Participant of Chi-X Australia from the obligation to comply with Rule 4.1.1(1) of the ASIC Market Integrity Rules (Competition) where the Participant enters into a Transaction by placing Market on Close Orders. This Waiver commences on 9 December 2013. ASIC Class Rule Waiver [CW 13/1479] is withdrawn. |
| 5/12/2013 | [13/1544] | Chi-X Australia Ltd | Unconditional – Waiver relieves Chi-X Australia from the obligation to comply with the Rule 4.1.2(1) of the ASIC Market Integrity Rules (Competition) for Market on Close Orders. This Waiver commences on 9 December 2013. ASIC Waiver [13/1489] is withdrawn. |
| 5/3/2014 | [CW 14/6] | Class Rule Waiver | Conditional – Waiver provides relief to participants from the crossing system disclosure requirements in Rules 4A.2.1(1)(ba) and 4A.3.1(1) of the ASIC Market Integrity Rules (Competition) where the participant is not reasonably able to identify the other crossing system or participant because orders are received via the aggregator. Waiver commences on 11 March 2014. |
| 17/4/2014 | [CW 14/322] | Class Rule Waiver | Unconditional – Waiver amends the Class Rule Waiver [CW 13/680] to relieve participants from the obligation to comply with Rule 4.1.1(1) of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011, in the case where a Participant enters into a Transaction in an Equity Market Product as a result of a Derived Order. This waiver commences on 2 May 2014. |
| 17/4/2014 | [14/323] | ASX Limited | Unconditional – Waiver relieves ASX Limited (ASX) from the obligation to comply with Rule 2.1.3 of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011 (Competition Rules), to the extent that Rule 2.1.3 requires ASX to have in place adequate controls to prevent an Anomalous Order that is a Tailor Made Combination Order from entering an Order Book of its Market. This waiver does not apply to a Derived Order. Unconditional – Waiver relieves ASX from the obligation to comply with subrule 4.1.2(1) of the Competition Rules, to the extent that subrule 4.1.2(1) requires ASX to make available Pre-Trade Information for an Order that is a Derived Order resulting from a Derivate/Cash Combination or Cash Only Combination traded as a Tailor Made Combination Order. Unconditional – Waiver relieves ASX from the obligation to comply with paragraph 2.3.1(2)(a) of the Competition Rules, to the extent that paragraph 2.3.1(2)(a) requires ASX to have a policy that a Transaction resulting from a Derivative/Cash Combination or Cash Only Combination traded as a Tailor Made Combination Order executed within the Extreme Trade Range and identified by or to ASX will be cancelled, subject to the below conditions.
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| 20/4/2015 | [15/304] | ASX Limited | Conditional – Waiver relieves ASX Limited from the obligation to comply with provisions under subrule 5.1.6(1) to the extent that those provision require ASX to disclose Bid and Offer prices in Any Price Block orders on a 20 min delayed basis on the ASX public website and for Transaction prices in Any Price Block orders that execute pursuant to the block trade exception in MIR 4.2.1 (rather than the trade with price improvement exception in MIR 4.2.3) to be disclosed within high, low, last on a 20 min delayed basis on the ASX public website. This waiver commences on 20 April 2015. |
| 29/5/2015 | [CW 15/0384] | Class rule waiver | This instrument varies Class Rule Waiver [CW 13/680] allowing ASIC to relieve a Participant from the obligation to comply with Rule 4.1.1(1) of the Competition Rules, in the case where a Participant enters into a Transaction in an Equity Market Product that is part of a Contingent Equity Transaction |
| 28/4/2016 | [CW 16/0352] | Class rule waiver | This instrument amends ASIC Class Rule Waiver [CW 13/680] and is a continuance of ASIC Class Rule Waiver [CW 15/0384]. The continuance extends the relief from the requirement to provide pre-trade transparency, as required by Subrule 4.1.1(1) of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011, in an Equity Market Product that is part of a Contingent Equity Transaction, until 4 May 2017. |
| 28/2/2017 | [17/0170] | BNP Paribas Securities Services | Conditional - Waiver from the obligation to comply with (a) all of the provisions of the ASX Rules and (b) all of the provisions of the Competition Rules. The waiver is granted subject to certain conditions including that there are no changes to either BNPSS' current business model or the conditions imposed by ASX on BNPSS admission as an ASX market participant.
Waiver commences 1 March 2017. |
| 20/3/2017 | [17/0262] | Australian Securities Exchange Limited | Conditional - waiver relieves Australian Securities Exchange Limited (ASX 24) from the obligation to comply with the following ASIC Market Integrity Rules (Competition in Exchange Markets) 2011 (the Competition Rules):
Rule 2.1.3 of the Competition Rules, to the extent that Rule requires ASX 24 to have in place adequate controls to prevent an Anomalous Order that is a Net Price Strategy Order from entering an Order Book of its Market in the case where: (a) at the time of entry, there is no Anomalous Order Threshold established for one or more of the Futures 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 Contracts Rule 2.2.2(1) of the Competition Rules, to the extent that Rule requires ASX 24 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. Rule 2.2.2C(1)(c) of Competition Rules to the extent that Rule would require ASX 24 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 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 applies until 20 March 2018. |
| 28/4/2017 | [CW 17/0370] | Class rule waiver | This instrument amends ASIC Class Rule Waiver [CW 13/680] to extend the relief from the requirement to provide pre-trade transparency, as required by Subrule 4.1.1 of the ASIC Market Integrity Rules (Competition in Exchange Markets) 2011, for Contingent Equity Transactions for a further 12 months. |
| 14/03/2018 | [18-0155] | Australian Securities Exchange Limited | The period of relief provided in ASIC Waiver [17-0262] has been extended for two years and applies until 20 March 2020. |
ASIC Market Integrity Rules (APX* Market) 2010
(*SSX Market)
| Date of instrument | Instrument No | Entity | Effect of waiver |
|---|---|---|---|
| 7/7/2017 | [CW 17/0586] | Class Rule Waiver | Class Rule Waiver [CW 17/0586] provides relief to market participants from the requirement to comply with the obligations of subrule 2.3.3(1), rule 2.3.4 and subrule 2.3.5(1) of the ASIC Market Integrity Rules (APX Market) 2010. |
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