This section contains information about the transfer of market surveillance powers from the Australian Securities Exchange (ASX) and other markets to ASIC.


On 1 August 2010, ASIC took over responsibility for supervision of real-time trading on Australia's domestic licensed markets. This supplements its existing responsibility for enforcement of the laws against misconduct on Australia's financial markets and its supervision of Australian financial services licence holders.

This followed the announcement about reforms to the supervision of Australia’s financial markets in August 2009 by the Treasurer and the Minister for Financial Services, Superannuation & Corporate Law, and the announcement by the Minister on 8 July 2010 of a 1 August 2010 start date for the transfer to ASIC of the market supervision role previously performed by ASX and other markets (IMB, IR Plus (formerly SIM VSE) and SSX (formerly APX)).

ASIC has assumed this important responsibility. We have an integrated market surveillance system in place and we have developed a streamlined markets analysis methodology and relationship management model. We have built and trained a quality Market Supervision team, consisting of ASIC talent and external people with specialist market experience. The team is complemented by ASX surveillance staff that transferred to ASIC on 1 August 2010. Practically, this means market participants will have more engagement with ASIC in their day-to-day operations. ASIC will become involved in potential market misconduct enquiries at an earlier stage than before.

ASIC is committed to market integrity and a fair, orderly and transparent market.

Market supervision regulatory priorities 2016–17

We have published a letter setting out our market supervision regulatory priorities for 2016–17. It is intended to help you assess your firm’s risk management framework as part of a robust review process, and focus your compliance, supervisory and risk management efforts.

Market integrity rules

Market integrity rules for the ASX, ASX 24, IMB, IR Plus (formerly SIM VSE), NSXA and SSX (formerly APX) markets were released on 1 August 2010. Market integrity rules for the Chi-X market and for competition in exchange markets were released on 29 April 2011. We have also issued guidance on these market integrity rules.

Market integrity reports

ASIC publishes reports outlining key operational statistics and outcomes of its market and participant supervision functions and markets-related deterrence outcomes:

Market Integrity Update

The Market Integrity Update is a free monthly newsletter about regulatory developments and issues affecting market intermediaries.

Equity market data

ASIC compiles data from all orders and trades in Australian equity market products for each quarter.

We provide data on market characteristics (including volatility), measures of market concentration and measures of market efficiency.

Cost recovery regime

The new Market Supervision and Competition Cost Recovery Regime provides a mechanism for the Government to recover the funding that it approved in 2009-10 and 2010-11 to cover ASIC's additional costs for:

  • undertaking its new regulatory functions following the transfer of market supervision and the introduction of market competition; and

  • the development of a framework to support market competition.

The new cost regime was developed by Treasury and ASIC in consultation with industry and complies with the Australian Government Cost Recovery Guidelines.

Consistent with the Cost Recovery Guidelines, ASIC has published a Cost Recovery Impact Statement.

More information:

Markets Disciplinary Panel

The Markets Disciplinary Panel is the main forum for disciplinary action for breaches of the market integrity rules. It is a peer review body, consisting of part-time members with relevant market or professional experience. The current members of the panel have senior roles in broking firms and investment banks.

Market participants

There were minimal changes from 1 August 2010 to basic trading obligations or participant requirements. Market participants should contact ASIC about any queries relating to market integrity rules such as inquiries and information about market behaviour and supervision.

MPS Participant Compliance Team

MPS Participant Relationship Team

  • MPS Compliance surveillances
  • Broker surveillances
  • On-site reviews/self assessments
  • Notices
  • Remediation plans
  • Licence conditions
  • Case build for deterrence referral
  • AOP certification
  • Relationship management
  • Participant profiling via RADAR
  • Relationship building
  • Understanding business models/Market technology
  • Refer suspected misconduct to participant
  • Compliance for assessment
  • Accreditation
  • Participant education

When an entity becomes a market participant, it should contact the MPS Participant Relationship team to establish a relationship manager for their entity. All other enquiries should be directed to contact ASIC or see contact details below.

Australian Market Regulation Feed

To facilitate the monitoring of trading activity, each equity market operator is required to establish a network connection into ASIC's Integrated Market Surveillance System, and during the course of each trading day, provide a parallel data feed consisting of:

  • all orders, trades, and quotes being processed and disseminated by the market’s trading engine, and

  • all trading session and security price and status-related messages.

Find our more about the Australian Market Regulation Feed (including specification documents)

Breach reporting

To self-report a breach of the market integrity rules, market participants should continue to use the existing section 912D process. Guidance on how to notify ASIC of significant breaches (or likely breaches) by AFS licensees under section 912D of the Corporations Act is set out in Regulatory Guide 78. Written breach reports may be:

To report a breach you can:

Find out how to contact ASIC

More information

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Kenyan regulator signs agreement with ASIC to support fintech innovation

ASIC has signed a co-operation agreement with the Capital Markets Authority of Kenya aimed at promoting fintech innovation in both markets. 21 October 2016. 16-359MR.

Market Integrity Update - Issue 76

We have published the latest issue of our monthly newsletter about regulatory developments and issues affecting market particpants. 20 October 2016. Subscribe to the Market Integrity Update.

Review of ASX technical failure

We have released a statement about our review of ASX's technical failure on 19 September 2016. 14 October 2016. 16-352MR.

More media releases on markets

MECS portal

The market entity compliance system (MECS) provides market entities with tools and information to assist with compliance.

Log in to MECS

More about MECS

Last updated: 12/09/2016 10:39