FAQ A2 Is there a requirement to provide regulatory data for booking purposes transactions?

 

FAQ A2 Is there a requirement to provide regulatory data for booking purposes transactions?

Currently, there is no requirement for participants to comply with the regulatory data requirements within Rule 5A.2.1 in relation to 'booking purposes' transactions. A booking purposes transaction is used for internal accounting/book-keeping purposes. For example, to correct a client’s identification on a trade.

 

FAQ A3 Is there a requirement to retain or record regulatory data sent to a market operator?


It is recommended that a participant retains or records the data sent to a market operator. This will:

(a) enable a participant to demonstrate compliance with Rule 5A.2.1, and

(b) aid a participant's compliance with Rule 5A.2.3(5), which requires a participant to take all reasonable steps to consistently provide the same code, notation or number for the same information in subsequent orders or trade reports.

There is no specific obligation in Chapter 5A of the ASIC Market Integrity Rules (Competition) to record regulatory data sent by a participant to a market operator. However, participants are reminded of existing order/trade record-keeping requirements under other ASIC market integrity rules, including the requirements under Rules 5.5.3 and 5.6.3(b) of the ASIC Market Integrity Rules (ASX Market) 2010.

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Last updated: 20/03/2014 12:00