Commonwealth Consolidated Regulations

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CORPORATIONS REGULATIONS 2001 - REG 10.15.05

Notification given by participant to operator of licensed market

  (1)   This regulation applies if:

  (a)   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

  (b)   the power or obligation in the operating rules to give the notification or certification is incorporated into the market integrity rules.

  (2)   The notification or certification:

  (a)   is taken to have been given to ASIC by the participant under the market integrity rules; and

  (b)   will continue in its existing form, and continue to have the same effect, (as given under the operating rules) unless ASIC otherwise determines.

  (3)   ASIC may:

  (a)   determine that a notification or certification is no longer appropriate; and

  (b)   determine, in writing, that the notification or certification is amended or revoked as provided in the determination.

  (4)   If ASIC proposes to make a determination under subregulation   (3), ASIC must give reasonable notice to the participant before making the determination.


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