Amendment Instrument 2026/574 · F2026L01223 Registered 17 September 2026 · commences 17 March 2028
The Art of Service · Market conduct ASIC Market Integrity Rules Checker The amended ASIC market integrity rules, the duty on each page, the evidence an auditor asks for, and the date it starts.
InstrumentAmendment 2026/574
Registered17 September 2026
Commences17 March 2028
In this record19 duties · 82 evidence items

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Answer

What changes for designated trading representatives?

Part 2.5 and the DTR regime are repealed. The duties move into Rule 5.5.1: a representative who submits a Trading Message needs written authorisation, suitable qualifications and experience, and demonstrated knowledge of the dealing rules and market practices. The participant is responsible for the message accuracy.

The instrument repeals Part 2.5, which created Designated Trading Representatives, required a participant to have at least one DTR, restricted who could submit Trading Messages, and required a unique identifier and a DTR record. The definitions of DTR and DTR identifier are also repealed, along with the Open Interface Device and Trader Workstation terms that the old regime used.

What replaces the DTR role?

Rule 5.5.1. A Trading Message carrying the participant identifier is taken to have been submitted by or with the participant knowledge. The participant must ensure that a representative who submits a message has written authorisation, is suitably qualified and experienced, and has demonstrated knowledge of the Dealing Rules and the relevant market practices. The participant owns the accuracy of the message details.

What happens to the DTR register?

It becomes a representative authorisation register, but it is not a rename. The old register recorded a DTR identifier and a designation. The new record needs the written authorisation, the competence basis, the knowledge check per Market, and a link to the system entitlement that allows submission. Rule 4.1.9 separately requires records about Authorised Persons and their access to the Trading System.

What about the old Part 2.5 conduct rules?

The specific DTR conduct rules, including the restrictions on personal account dealing and taking advantage of a market operator error, are not carried into Rule 5.5.1 in the same words. A firm should not assume they disappear from its own conduct framework: the general obligations, the Corporations Act and the market operating rules still apply. The point is that the instrument no longer uses the DTR mechanism.

What should a firm do first?

Stop describing people as DTRs in policies and system documentation. Build the representative authorisation register, collect the written authorisation and competence evidence, run the knowledge check per Market, and reconcile the register to live system entitlements. Test a withdrawal: when authorisation ends, the entitlement should end too.

Where to read it in the record

The source

ASIC Market Integrity Rules (Securities Markets) Amendment Instrument 2026/574 (F2026L01223), read against compilation Compilation No. 6 (F2024C01108). Retrieved 2026-10-19. The answer is our own statement. Not legal advice; does not certify.

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