Australian Securities & Investments Commission consults on proposed technological and operational resilience rules

Published: Tuesday, 02 July 2019 08:00

The Australian Securities & Investments Commission (ASIC) has published a consultation paper proposing new market integrity rules for securities and futures market operators and participants. The rules promote technological and operational resilience of critical systems.

Consultation Paper 314 (CP 314) seeks feedback on ASIC proposals to address the increasingly automated and interconnected nature of markets by enhancing resilience in line with international standards.

The proposals apply to:

The proposals address the following areas of critical systems arrangements:

“It is essential to the integrity of our securities and futures markets that market operators and market participants are resilient. This ensures the efficient functioning of the market as well as investor trust and confidence in the market. In keeping pace with market developments, it is important that our regulatory regime aligns with international best practice,” commented ASIC Commissioner Cathie Armour.

Download the consultation paper here. The deadline for submissions is 9th August 2019.