SIM Venture Securities Exchange – Market: Trading

SIM VSE

Rules & Regulations

SIM VSE is the holder of an Australian Market License ("AML") granted under the Corporations Act. Compliance by the exchange with the obligations imposed under the Corporations Act and via the terms of the AML is regulated by the Australian Securities and Investment Commission ("ASIC"). The appeal of SIM VSE as an exchange for the trading of securities is maintained by providing a fair and orderly market place.

Business Rules

All SIM VSE Brokers are bound by the SIM VSE Business Rules and must ensure compliance with these rules. The SIM VSE Business Rules are closely linked to the operation of the trading system and should be read in conjunction with the relevant Guidance Notes.

Business Rules Guidance Notes

From time to time SIM VSE issues Guidance Notes which explain the operation of certain rules. SIM VSE recommends that the latest Guidance Notes be obtained and are read in conjunction with these rules.

Listing Rules

The SIM VSE Listing Rules outline the requirements and obligations in relation to a company's admission to the SIM VSE Official List and ongoing obligations for listed companies.

Listing Rules Guidance Notes

From time to time SIM VSE issues Guidance Notes to the Listing Rules on specific issues which may affect certain companies. Such guidance notes supplement and should be read in conjunction with the Listing Rules.

ASIC Market Integrity Rules

SIM VSE Brokers are also governed by the ASIC Market Integrity Rules. The SIM VSE Business Rules must also be read in conjunction with the ASIC Market Integrity Rules.

The Corporations Amendment (Financial Market Supervision) Act 2010 provides for a new type of rule called market integrity rules. These rules are made by ASIC and apply to market operators, market participants, other prescribed entities and financial products traded on the relevant markets.

The following ASIC market integrity rules were made on 1 August 2010 and are based on legislation and regulations as at 1 August 2010. ASIC's approach in making market integrity rules has been to not change the substance of the pre-existing obligations that apply to participants of the relevant markets at this time.

ASIC is responsible for supervising compliance with these rules.

The relevant documents are the ASIC Market Integrity Rules (SIM VSE market), ASIC Market Integrity Rule Appendix (Comparison of SIM VSE Business Rules and ASIC Market Integrity Rules SIM VSE Market) and Regulatory Guide 215: Guidance on ASIC market integrity rules for NSXA and SIM VSE markets.

The latest documents can be found on the ASIC Market Integrity Rules Website.

Listing Rules

Introduction
  1. Admission to listing
  2. Quotation of securities
  3. Disclosure
  4. Rights attaching to securities
  5. Dealing with capital
  6. Transfers & registrations
  7. Related part transactions
  8. Restricted securities
  9. Ongoing requirements
  10. Exchange Powers, Discretions & Fees
  11. Documents, meetings & other procedural requirements
  12. Interpretation of Exchange listing rules
  13. Fees

Listing Rules - Annexures

  1. 1A Application for Admission to the SIM VSE Official List
  2. 1B Listing Contract
  3. 1B Listing Contract
  4. 2A & 3B Issuance and'or Quotation of Additional Securities Application
  5. 2B Additional Securities Contract
  6. 3A Annual Half Yearly Disclosure
  7. 3B New Issue of Security
  8. 3D Change of Director's Interest Notice
  9. 3E Directors Initial Interest in an Entity
  10. 3F Final Share Buy-back Notice
  11. 3G Daily Buy-Back Notice
  12. 4A Securities Timetable
  13. 6A Transfer Timetables
  14. 8A Restriction Agreement

Listing Rules - Guidance Notes

  1. Guidance Note: Disclosure
  2. Guidance Note: Guide to Fees
  3. Guidance Note: Listing Procedures
  4. Guidance Note: Market Announcements
  5. Guidance Note: Restricted Securities

Business Rules

Introduction
  1. Exchange Broker Membership
  2. Financial Obligations of Exchange Brokers
  3. Capital Liquidity Requirements
  4. Obligations to Clients
  5. Business Obligations of Exchange Brokers
  6. Dealing
  7. Clearing & Settlement
  8. Supervision
  9. Compliance Committee
  10. Interpretation of Exchange Business Rules
  11. Exchange Powers, Discretions & Fees

Market Integrity Rules

  1. ASIC Market Integrity Rules for SIM VSE (effective 1-08-2010)
  2. ASIC Market Integrity Rules for SIM VSE – Appendix (effective 1-08-2010)
  3. Guidance on ASIC market integrity rules for APX, IMB, NSXA and SIM VSE markets – RG 215 (1-08-2010).

Further information and Updates at ASIC: ASIC Market Integrity Rules

SIM VSE Compensation Fund

  1. This document contains the rules governing the compensation arrangements put in place by SIM VSE

Business Rules - Annexures

  1. 1A Application for Recognition as an Exchange Broker
  2. 1B Broker Contract
  3. 2A Investment Schedules - Register of Interest in Securities
  4. 3A Monthly Surplus Liquid Capital Return
  5. 7A Transfers Consolidation Form
  6. 7B Renunciations and Transfers Consolidation Form
  7. 7C Transfer of a Franked Dividend from a Disposer
  8. 7D Transfer of a Franked Dividend Certificate
  9. 7E Transfer of a Franked Dividend to an Aquirer
  10. 7G Split Transfer Advice
  11. 7H Broker's Transfer Form

Business Rules - Guidance Notes

  1. Guidance Note: Guide to Fees
  2. Guidance Note: Broker Application Procedures
  3. Guidance Note: Accuracy of Returns
  4. Guidance Note: Capital Liquidity
  5. Guidance Note: Complaints
  6. Guidance Note: Approved Representatives
  7. Guidance Note: Dealing Procedures
  8. Guidance Note: Cancellation of Transactions by SIM VSE
  9. Guidance Note: Clearing & Settlement
  10. Guidance Note: Broker Records
  11. Guidance Note: Financial Obligations
  12. Guidance Note: Non-Business Days
  13. Guidance Note: DVP Settlement of Placements

SIM VSE

SIM VSE is an equity capital market that was launched in 2010. Focused solely on cleantech and life science investment opportunities, SIM VSE has no constraints on size of market or size of company to list.

Key Sections

Contact

5 Bridge Street
Sydney NSW 2000
Australia

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