ASX Operating Rules

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

ASIC ASX Market Integrity Rules
ASX Operating Rules
ASX Clear Operating Rules
ASX Settlement Operating Rules
Enforcement and Appeals Rulebook

Clicking on a link below will take you directly to the ComLaw/ASX 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 If you find one that is out of date, please contact us and let us know.

ASIC ASX Market Integrity Rules

ASIC Market Integrity Rules (ASX Market) 2010

Click here to access a comparison of the ASIC Market Integrity Rules and the former ASX Market Rules.

ASX Operating Rules

01	Access to the Market
02	Products
03	Trading Rules
04	Execution, Quote Display and Reporting Services
05	Monitoring Conduct and Enforcing Compliance
06	General Rules
07	Definitions and Interpretation
08	Transitional Provisions
>	ASX Operating Rules Schedules

Click here to download the ASX Operating Rules Procedures and the Appendices thereto.

Click here to access the ASX Market Rules Guidance Notes.

ASX Clear Operating 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	compliance, 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

Click here to download the ASX Clear Operating Rules Procedures and Annexure 1, Annexure 2, Annexure 3, Annexure 4, Annexure 5, Annexure 6, Annexure 7, Annexure 8, Annexure 9, Annexure 10 and Annexure 11 thereto.

Click here to access the ASX Clear Operating Rules Guidance Notes.

ASX Settlement Operating 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	Compliance, Enforcement Actions and Appeals
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 ASX Settlement Operating Rules Procedures.

Click here to access the ASX Settlement Operating Rules Guidance Notes.

Enforcement and Appeals Rulebook

01	Scope of Rulebook
02	Enforcement Action
03	Appeals
04	ASX Announcement and Imposition of Penalty
Guidance Notes
1	Enforcement Action and Appeals from Enforcement Decisions

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

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