Corporations Act 2001
Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .
View history note
Hide history noteASIC 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(Repealed by No 17 of 2019, s 3, Sch 1 [ 48] (effective 13 March 2019).)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).
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