The FEX Global Compliance Department ensures that FEX Global meets all obligations under its Australian Market Licence. Through interaction with regulators such as ASIC and with reference to the Corporations Act 2001, the Compliance Department has in place a governance structure to ensure that the Exchange operates a fair, orderly and transparent market.
Monitoring and surveillance of trading activities is overseen by the Compliance Department. The FEX Global market and its participants are also governed by the ASIC Market Integrity Rules. This is essential to the protection of the markets, to ensure efficient price discovery and preventing market disruptions or manipulation. All participants are subject to obligations under the FEX Global Market Operating Rules.
Investigations that arise from any issues relating to trading activities or otherwise are carried out by the Compliance Department and may be referred to the Compliance and Conduct Committee for further consideration.
Fex Global Compliance and Conduct Committee
The FEX Global Compliance and Conduct Committee (CCC) is an independent body sourced from a panel of members that have been specifically selected.
The CCC has two primary goals:
- To examine the circumstances around and determine a course of action for a suspected or alleged breach of the FEX Global Operating Rules by a Trading Participant or Clearing Entity; and
- At the request of any one or more of FEX Global, a Trading Participant or a Clearing Entity, to review a Compliance Department decision.
Members of the panel are industry experts in their field and may be selected according to specific criteria.