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Showing 11 - 20 of 57 results for "market integrity rules"

Wilsons Advisory fined $550k by ASIC MDP

JAMIE WILLIAMSON  |  FRIDAY, 3 FEB 2023
... undetected for about two years before the regulator flagged it, ASIC said. TWPI is an exception under ASIC's market integrity rules where trades in equity market products are otherwise required to be matched on an order book of a market and have ...

ASIC welcomes second ASX market resilience consultation

CASSANDRA BALDINI  |  TUESDAY, 1 NOV 2022
... the replacement of the CHESS settlement system, Cboe's technology upgrade, and the implementation of new Market Integrity Rules which will come into effect next March. ASIC said while these are important priorities, they have become interrelated and ...

CommSec, AUSIEX to pay $27m penalty

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
CommSec and AUSIEX will pay the largest penalty ever handed down for breaches of Market Integrity Rules. CommSec has been ordered to pay $20 million while AUSIEX will pay $7.12 million for systemic compliance failures over a nine-year period. In a case ...

ABN AMRO Clearing pays $222k penalty

ANDREW MCKEAN  |  THURSDAY, 8 SEP 2022
... market participants to arrange and transact orders of significant size off-market. Rule 3.4.2(1) of the ASIC Market Integrity Rules (Futures Markets) 2017 (Rules) prohibits market participants from aggregating separate orders to meet the Minimum Value ...

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... clearing house electronic sub register system (CHESS), Cboe's technology upgrade and the implementation of new market integrity rules. While these are important competing priorities, they have become interrelated, and ASIC said market operators and participants ...

ASIC to strengthen market integrity rules

KARREN VERGARA  |  FRIDAY, 11 MAR 2022
ASIC is introducing changes to its market integrity rules in a bid to evade further technological glitches. As of 10 March 2023, financial markets and participants can broadly expect changes to technological and operational rules across information ...

New members on Markets Disciplinary Panel

JAMIE WILLIAMSON  |  THURSDAY, 2 DEC 2021
... peer-review panel which determines whether infringement notices should be issued for alleged breaches of market integrity rules. Joining the board are Barrenjoey's chief operating officer, fixed income Jacqui Byrnes, Macquarie's ANZ head of electronic ...

ASIC consults on market integrity rules

ANNABELLE DICKSON  |  THURSDAY, 1 JUL 2021
The corporate regulator has opened consultation on proposed amendments to market integrity rules that aim to reduce the regulatory burden on participants. ASIC's Consultation Paper 342 Proposed amendments to the ASIC market integrity rules and other ...

ASIC fines trading firm

ANNABELLE DICKSON  |  WEDNESDAY, 23 JUN 2021
... Life Trading an infringement notice as it believed the trading firm contravened Rule 2.2.8 of the ASIC Market Integrity Rules (Futures Markets) 2017, whereby a market participant ensures compliance with market integrity rules and the Corporations Act. ...

Macquarie Securities slapped with $126k fine

KARREN VERGARA  |  TUESDAY, 18 MAY 2021
Macquarie Securities Australia (MSA) has copped a $126,000 fine for breaching market integrity rules, making this its fifth infringement in the last six years. The Markets Disciplinary Panel (MDP) found that MSA failed to follow a client's instruction ...