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

Home / Rules / 5.6.6

5.6.6

Initial Certification to ASIC and the responsible officer statement

Give ASIC a written Initial Certification with the required content, obtain ASIC confirmation, and have at least one responsible officer state that the information is accurate.

BindsTrading Participant
Commences17 March 2028
SourceSchedule 1, items 72 to 77
Record date2026-10-19

The requirement, in our words

Ahead of putting a Trading System into use in a Market, a Trading Participant must give ASIC a written Initial Certification containing the matters in subrule (2), and receive ASIC written confirmation that it complies. The content includes the participant name, the system version and name, the Market, whether the system permits a client to enter Orders into the participant system, a statement whether the Initial Certification Review was performed, a statement whether the resources, arrangements and controls, organisational and technical, meet the standards in 5.5.2 together with 5.6.3, and a statement by at least one responsible officer that the information in (a) to (f) is accurate, with the officer name, position and date. The old two director signature requirement is repealed.

What the rule is trying to do

The certification is the participant attestation to ASIC. The new content is narrower and more operational than the old AOP certification: it asks about client order entry, the review, the resources and the controls, and it puts the accuracy statement on a responsible officer rather than two directors. The ASIC confirmation remains a condition of use.

What good practice looks like

Build a certification pack that maps each paragraph to the supporting evidence. Confirm the system version and the Market. Record whether clients can enter Orders directly. Attach the completed Initial Certification Review. Obtain the responsible officer statement with name, position and date. Track the ASIC confirmation and do not treat the send as the approval.

What changed in the instrument

Items 72 to 77 replace the heading, remove AOP language, replace paragraphs (c) to (e) with new (c) to (g), and repeal subrule (3). The two director signature is replaced by at least one responsible officer statement.

Evidence an auditor or ASIC asks for

CategoryRecord to keepRetention
Certification packThe Initial Certification with each subrule (2) matter, the system version, the Market and the client order entry answer.At least seven years.
Review linkThe completed Initial Certification Review that supports the review statement.At least seven years.
Resource statementThe evidence that the resources, arrangements and controls, organisational and technical, meet the standards in 5.5.2 together with 5.6.3.At least seven years.
Officer statementThe responsible officer statement with name, position and date, and the basis on which the officer verified the information.At least seven years.

Common gaps

  • The pack still uses the old AOP certification form and the two director signatures.
  • The client order entry question is answered without checking the actual entitlement.
  • The responsible officer signs without a documented verification.
  • The ASIC confirmation is not tracked, and the system goes live on the sent date.

What to do before 17 March 2028

  1. Rewrite the certification template to the new (a) to (g) content.
  2. Map each answer to evidence from the Initial Certification Review.
  3. Confirm the client order entry position from the system.
  4. Record the responsible officer statement and track the ASIC confirmation.

Dates and cross-references

Commences: 17 March 2028 (Rule 2 of F2026L01223 and the registration date). Retention: At least seven years for the supporting review and records.

Read with: 5.5.2, 5.6.3, 5.6.4, 5.6.7.

Source

This page reads ASIC Market Integrity Rules (Securities Markets) Amendment Instrument 2026/574 (F2026L01223), Schedule 1, items 72 to 77, against the current compilation Compilation No. 6 (F2024C01108). Retrieved 2026-10-19. The requirement above is our own statement, not the instrument's wording. Not legal advice; does not certify.