(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.