ASX Market Rules

Welcome to our access page to the ASX Market Rules. This is divided into the following sections:

ASX Market Rules
ACH Clearing Rules
ASTC Settlement Rules
Disciplinary Processes and Appeal Rules

Clicking on a link below will take you directly to the ASX's on-line copy of that item. We check these links regularly to ensure that they are up to date. If you find one that is out of date, please contact us and let us know.

ASX Market Rules

1	Introduction and General Rules
2	Definitions and Interpretation
3	Participants and Representatives
4	Rights and Obligations of Market Participants and Responsible Executives
5	Clearing and Settlement Arrangements
6	Capital Requirements
7	Relationship with Clients and Dealing for Employees and Related Persons
8	Designated Trading Representatives and Accreditation of Advisers
9	Legal Description of Classes of Financial Products
10	Warrants
10A	AQUA Products and the AQUA Trading Market
10B	AQUA Quote Display Board
11	DTP Products
12	Trading Permission
13	Trading Obligations of Trading Participants
14	Market Suspensions, Technical Failure and other Orderly Market Powers
15	Trade Errors, Cancellations and Dealing Disputes
16	Cash Market Products and Cash Only Combinations
17	Crossings - Cash Market Products
18	Special Crossings - Cash Market Products
19	Short Selling - Cash Market Products
20	Takeover Bids, Schemes and Buy-Backs Conducted On-Market
21	Derivatives Market Contracts and Derivatives Combinations
22	Crossings - Derivatives Market Products
23	Market Makers - Derivatives Market Contracts
24	Exchange For Physical (EFP) Transactions - Futures
25	Trading Restrictions and Limits - Derivatives Market Contracts
26	Wholesale Loan Securities
27	Overseas Market Linkages
28	Supervision, Disciplinary Matters, Tribunal Proceedings and Appeals
29	Transitional Arrangements For Existing ASX Participants and ASXF Participants
30	Transitional Arrangements for Existing ASX Participating Organisations Relying on Affiliate Basis of Recognition
31	Trading Platform
32	ITS Transitional Provisions
Schedules
1A	Risk Based Capital Requirements and Annexures
1B	NTA Requirements
2/7	Futures Contracts
8	Delivery and Settlement of non CS Approved Products
9	Rules of Division 3 - Compensation Arrangements
10	Market Bid Agreement - Minimum Terms

Click here to download the ASX Market Rule Procedures & Appendices.

Click here to access the ASX Market Rule Guidance Notes.

Click here to download a Cross Reference Table of the post 11/3/04 ASX Market Rules to the pre 11/3/04 ASX Business Rules and ASX Futures Business Rules.

ACH Clearing Rules

1	Introduction and General Rules
2	Definitions and Interpretation
3	Participation in the Clearing Facility
4	Rights and Obligations of Participants
5	Risk Management Capital Requirements
6	Communications with ACH
7	Client Requirements
8	Clearing Fund Contributions, Emergency Assessments and Priority of Application of Clearing Assets
9	Third Party Clearing and Settlements Arrangements
10	Derivatives Market Transactions - Accounts
11	Derivatives Market Contracts - Allocation, Price Averaging and Designation
12	Registration, Novation, Netting and Settlement
13	Derivatives CCP Contracts - Transfers, Close Outs and Adjustments
14	Derivatives - Risk Management
15	Default
16	State of Emergency, Undesirable Practices and Impossibility of Performance
17	ACH Termination of Derivatives CCP Contracts
18	Disputes and Complaints
19	Supervision, Disciplinary Matters, Tribunal Proceedings and Appeals
20	Settlement of Derivatives CCP Contracts
21	Settlement of Deliverable Futures CCP Contracts over Underlying Commodities
22	Transitional Arrangements for existing ASX Participating Organisations (Cash Market Transactions)
23	Transitional Arrangements for Existing ASX Participating Organisations (Derivatives)
Schedules
1	Risk Based Capital Requirements and Annexures
2	NTA Requirements
3	Clearing Agreements - Minimum Terms
4	Settlement Services Agreement (Cash Market Transactions) - Minimum Terms
5	Derivatives Client Agreement - Minimum Terms
6	Derivatives Client Agreement - Minimum Terms Change Notification and Participant Change Notice

Click here to download the ACH Clearing Rules Procedures and Annexure 1, Annexure 2, Annexure 3, Annexure 4, Annexure 5, Annexure 6, Annexure 7, Annexure 8, Annexure 9 and Annexure 10 thereto.

Click here to access the ACH Clearing Rules Guidance Notes.

Click here to download a Cross Reference Table of the post 11/3/04 ACH Clearing Rules to the pre 11/3/04 SCH Business Rules and OCH Derivatives Clearing Rules.

ASTC Settlement Rules

1	Introduction and General Rules
2	Definitions and Interpretation
3	Functions, Powers, Rights and Obligations of ASTC
4	Participation in the Settlement Facility
5	Rights and Obligations of Issuers
6	Rights and Obligations of Participants
7	Participant Client Arrangements
8	Holding Financial Products in the Settlement Facility
9	Transfers of Financial Products
10	Batch Settlement
11	Real Time Gross Settlement
12	Supervision and Discipline
13	Depository Interests in CHESS
14	Subpositions
15	DvP Settlement of Allocations in Respect of Initial Public Offerings
16	Communications with ASTC
17	Transitional Arrangements
Appendices
1	Scheduled Times
2	Demand Transfer Messages
3	Sponsorship Agreement
4	Participant Change Notice
Schedules
1	FOR Financial Products
2	Excluded classes of Financial Products

Click here to download the ASTC Settlement Rules Procedures.

Click here to access the ASTC Settlement Rules Guidance Notes.

Click here to download a Cross Reference Table of the post 11/3/04 ASTC Settlement Rules to the pre 11/3/04 SCH Business Rules.

Disciplinary Processes and Appeals Rules

1	Scope of Rulebook
2	Disciplinary Action
3	Appeals
4	ASX Announcement and Imposition of Penalty
Guidance Notes
1	Disciplinary Proceedings

Click here to download the Disciplinary Processes and Appeals Rules Procedures and Annexure A.

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