Commonwealth Consolidated Regulations

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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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