FIA has submitted a response to the Australian Securities & Investments Commission's Consultation Paper 386 on proposed amendments to the ASIC market integrity rules for trading systems and automated trading.
FIA supports the ASIC’s aim to strengthen market integrity and governance through clearer and more consistent rules for trading systems and algorithms. It also encourages alignment with established global standards (particularly Markets in Financial Instruments Directive II and Regulatory Technical Standard 6) so firms can implement changes efficiently. FIA also sought clarification on several key definitions and aspects of scope, and urged timely publication of regulatory guidance to support implementation.
Read full response here.
