ASIC stated that it has updated the market integrity rules to facilitate the introduction of a new type of financial product that securities and derivatives exchange Chi-X Australia Limited is introducing to its market, known as transferable custody receipts (TraCRs).

The updated rules include TraCRs in the definition of ‘cash market products’ in Rule 1.4.3 of the new consolidated rulebook, the ASIC Market Integrity Rules (Securities Markets) 2017.