Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.2A - SUPERVISION OF FINANCIAL MARKETS  

SECTION 798G   MARKET INTEGRITY RULES  

798G(1)    
ASIC may, by legislative instrument, make rules (the market integrity rules ) that deal with the following:

(a) the activities or conduct of licensed markets;

(b) the activities or conduct of persons in relation to licensed markets;

(c) the activities or conduct of persons in relation to financial products traded on licensed markets.

Note: The market integrity rules will not apply in relation to all licensed markets: see subsection 798H(2).

798G(2)    
(Repealed by No 17 of 2019, s 3, Sch 1 [ 48] (effective 13 March 2019).)

798G(3)    
ASIC must not make a market integrity rule unless the Minister has consented, in writing, to the making of the rule.

Emergency rules

798G(4)    
Despite subsection (3), ASIC may make a market integrity rule without the consent of the Minister if ASIC is of the opinion that it is necessary, or in the public interest, to protect people dealing in a financial product or class of financial products.

798G(5)    
However, if ASIC does so, ASIC must:

(a) provide the Minister, on the following day, with a written explanation of the need for the rule; and

(b) amend or revoke the rule in accordance with any written directions of the Minister.

Minister ' s instruments are not legislative instruments

798G(6)    
None of the following is a legislative instrument:

(a) a consent given under subsection (3);

(b) a direction given under paragraph (5)(b).