NSX monitors broker participants by:
- Receipt of a monthly surplus liquid funds report;
- Analysis of an annual assessment;
- Site visits by the NSX Compliance Officer;
- NSX has signed an information sharing MOU with ASX which
encompasses brokers that the two exchanges have in common; and
- Working in conjunction with ASIC in terms of the ASIC Market
Integrity Rules.
NSX business rules allow a range of disciplinary action to be
undertaken depending on the severity of the breach.
ASIC Market Integrity Rules
The
Corporations Amendment (Financial Market
Supervision) Act 2010 provides
for a new type of rule called market integrity rules. These rules are
made by ASIC and apply to market operators, market participants, other
prescribed entities and financial products traded on the relevant
markets.
The following ASIC market integrity rules
were made on 1 August 2010 and are based on legislation and regulations
as at 1 August 2010. ASIC's approach in making market integrity rules
has been to not change the substance of the pre-existing obligations
that apply to participants of the relevant markets at this time.
ASIC is responsible for supervising
compliance with these rules.
The documents are the ASIC Market
Integrity Rules, AS Market Integrity Rule Appendix - Comparison with
Market Operator Rules and Regulatory Guide 215: Guidance on ASIC market
integrity rules for APX, IMB, NSXA and SIM VSE markets.
The latest documents can be found on the
ASIC Market Integrity Rules Website.
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