Notification given by participant to operator of licensed market
10.15.05 Notification given by participant to operator of licensed market
This regulation applies if:
a participant in a licensed market gave the operator of the licensed market a written notification or certification under the operating rules of the licensed market; and
the power or obligation in the operating rules to give the notification or certification is incorporated into the market integrity rules.
The notification or certification:
is taken to have been given to ASIC by the participant under the market integrity rules; and
will continue in its existing form, and continue to have the same effect, (as given under the operating rules) unless ASIC otherwise determines.
ASIC may:
determine that a notification or certification is no longer appropriate; and
determine, in writing, that the notification or certification is amended or revoked as provided in the determination.
If ASIC proposes to make a determination under subregulation (3), ASIC must give reasonable notice to the participant before making the determination.
This Act’s bill:Explanatory statement
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