Free check

Which amended rules apply to you, and when

Answer the questions below. The check reads the held record, selects the duties that match your role, systems and record routes, and tells you whether the current or the amended text applies on the date you choose. It is a scope reading, not a legal opinion.

The questions

Nothing is sent anywhere. Leave an answer blank and the check will say what is missing.

Which role describes the entity you are checking?

The instrument places duties on Market Participants and Trading Participants. A fund manager that is neither is outside these duties, but its executing participant is not.

Does the entity operate a Trading System?

A Trading System records messages before they go to a Trading Platform. Order routing alone, confirmation printing and post-trade processing are outside the definition of a Trading Algorithm, but the Trading System itself is broader.

Does the entity use any Trading Algorithm?

A Trading Algorithm automatically determines one or more Order parameters with limited or no human intervention. Routing, bare submission, confirmations and post-trade processing are excluded.

Does the entity make a Trading Algorithm available to a client?

Rule 5.6.3B applies to algorithms the participant uses and to algorithms it makes available to a client.

Does the entity receive instructions to deal for clients?

This includes a Managed Discretionary Account instruction under the amended Rule 4.1.1.

Does the entity deal on its own account?

Rule 4.1.2 covers decisions and instructions to enter a Market transaction on Own Account, whether or not the transaction is executed.

Does the entity operate a Crossing System?

The controls in Rule 5.6.3 and the testing duty in Rule 5.6.3B refer to a Crossing System operated by the participant.

Does the entity instruct another Trading Participant to execute a Market transaction?

Rule 4.1.7 together with Rule 4.1.8 replace the full record set with a narrower set for the instructing participant.

Does the entity rely on a Market operator record for any timestamp or transaction detail?

The new Rule 4.1.6 table lists exactly which obligations can be met that way, and in what circumstances.

Has ASIC directed the entity, or could it, on certification or trading limits?

Rules 5.6.7 and 5.6.12 apply only if ASIC gives a written direction. Answer yes if you hold one or want the procedure in scope.

Check the rules on this date

Before 17 March 2028 the current 2017 rules apply and the amended text is a planning record. On or after that date the amended text applies.

Waiting

Your result appears here

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How it decides

What each answer selects

Answer	What it puts in scope
Market Participant	The record rules in Chapter 4 and the manipulation rule in 5.7.1.
Trading Participant	The Trading System Requirements in Part 5.6, the message responsibility rule in 5.5.1 and the Authorised Person records in 4.1.9.
Trading System	The controls, monitoring, certification, review and direction rules that attach to a Trading System.
Trading Algorithm	The algorithm governance and testing rule in 5.6.3B, and the algorithm dimension of a direction in 5.6.12.
Client dealing or own account	The matching record rule, and the narrower rule where another participant executes.
Market operator records	The field by field reliance table in 4.1.6, and the fields the participant must still keep.
A date before 17 March 2028	The current 2017 rules apply; the amended duties are shown as a planning record with the work to do now.

Questions

About the check

Is the check free?

Yes. It runs in the browser from the published record and asks for no email, account or payment.

Does it send my answers anywhere?

No. The page reads a local seed file and computes the result in the browser. There is no request with your answers.

What does "scope incomplete" mean?

It means an answer the rule depends on is unsure. The check names the missing answer rather than guessing a lighter or heavier pathway.

Why does the date matter?

Until 17 March 2028 the current 2017 rules apply. On and after that date the amended text applies. The check shows both the status and the work to do now.

Not legal advice; does not certify. The check reads the record dated 2026-10-19; the instrument is linked on every rule page.