Australian Securities and Investments Commission
ASIC Market Integrity Rules (ASX Market) 2010 –

Subrule 1.2.1(1) – Class Rule Waiver

Enabling provision

1. The Australian Securities and Investments Commission (ASIC) makes this instrument under subrule 1.2.1(1) of the ASIC Market Integrity Rules (ASX Market) 2010 (the ASIC Market Integrity Rules (ASX)).

Title

2.             This instrument is ASIC Class Rule Waiver [CW 15/932].

Commencement

3.             This instrument commences on the day on which this instrument is registered under the Legislative Instruments Act 2003.

Note: An instrument is registered when it is recorded on the Federal Register of Legislative Instruments (FRLI) in electronic form: see Legislative Instruments Act 2003, section 4 (definition of register). The FRLI may be accessed at http://www.frli.gov.au/.

Waiver

4.             ASIC relieves a Market Participant from the obligation to comply with subrule 3.5.8(1) of the ASIC Market Integrity Rules (ASX) only to the extent that subrule requires the Market Participant to perform the reconciliation referred to in that subrule by 7.00pm on the Trading Day after the Trading Day to which the reconciliation relates, for so long as the Market Participant performs the reconciliation referred to in that subrule by 12.00pm on the second Trading Day after the Trading Day to which the reconciliation relates.

5.             The relief in paragraph 4 of this instrument applies in the case where the Market Participant is ordinarily unable to perform the reconciliation referred to in subrule 3.5.8(1) of the ASIC Market Integrity Rules (ASX) by 7.00pm on the Trading Day after the Trading Day to which the reconciliation relates, because the Market Participant relies on information obtained from a person located outside Australia to perform the reconciliation referred to in that subrule.

6.      It is a condition of the relief in paragraph 4 of this instrument that where the Market Participant performs the reconciliation referred to in subrule 3.5.8(1) on the second Trading Day after the Trading Day to which the reconciliation relates, the Market Participant must notify ASIC, in writing, within 1 Business Day if:

(a)   the reconciliation has not been performed in accordance with Rule 3.5.8 (except to the extent that Rule requires the Market Participant to notify ASIC that a reconciliation has not been performed by 7.00pm on the Trading Day after the Trading Day to which the reconciliation relates); or

(b)   according to the reconciliation, Total Deposits is less than Total Third Party Client Monies.

7.             ASIC relieves a Market Participant from the obligation to comply with paragraph 3.5.10(a) of the ASIC Market Integrity Rules (ASX) only to the extent that paragraph requires the Market Participant to notify ASIC that a reconciliation has not been performed by 7.00pm on the Trading Day after the Trading Day to which the reconciliation relates, for so long as the Market Participant notifies ASIC, in writing, within 1 Business Day if a reconciliation has not been performed by 12.00pm on the second Trading Day after the Trading Day to which the reconciliation relates.

Interpretation

8.             In this instrument, unless the contrary intention appears, capitalised terms have the meaning given by the ASIC Market Integrity Rules (ASX).

Dated this 8th day of December 2015

Signed by Greg Yanco

as a delegate of the Australian Securities and Investments Commission