ASIC has released Consultation Paper 131 Proposed ASIC Market Integrity Rules – ASX and SFE Markets (CP 131) which proposes market integrity rules to apply to trading on ASX and SFE markets, based on the existing rules of these markets, while clarifying the supervisory responsibilities of ASIC and market operators.

The paper contains an outline of a proposed approach to dealing with breaches of the rules, including details of a Markets Disciplinary regime as similar as possible to the current ASX disciplinary tribunal, with penalties consistent with the current approach.

ASIC is seeking feedback on these market integrity rules proposals by 26 March 2010