data = [ { "moduleName" : "Notification Complaince", "questionHeading" : "1. Is there an obligation to notify ASX?", "questionSubHeading" : "Participant A", "questionIntro" : "Participant A is an ASX, ASX Clear and ASX Settlement participant. Participant A has been informed by ASIC that it will be referred to the enforcement division for alleged contraventions of client money obligations under the Corporations Act 2001.", "question": "Does Participant A have an obligation to notify ASX, and if so by when?", "feedback": "Note that the references in the rules to action that “may be taken” against a participant or any of its employee’s means that the notification obligation arises even before the formal commencement or conclusion of enforcement proceedings. For example, a participant should notify ASX if it becomes aware that a matter relating in any way to its activities as a participant of ASX has been referred to the enforcement division of ASIC, an exchange, a market operator, a clearing and settlement facility or any other regulatory body for consideration of enforcement or other action.", "correctAnswer": "3", "answers": [ { "optionId": 1, "optionText": "Yes, within 10 Business Days of being informed by ASIC." }, { "optionId": 2, "optionText": "No, there is no obligation under the operating rules to notify ASX as the matter is only being referred to ASIC enforcement and no legal proceedings have commenced." }, { "optionId": 3, "optionText": "Yes, on or before the next business day of the participant being informed." }, { "optionId": 4, "optionText": "Yes, immediately upon that happening." } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "2. Is there an obligation to notify ASX?", "questionSubHeading" : "Participant B", "questionIntro" : "Participant B is an ASX, ASX Clear and ASX Settlement participant. Participant B has an issue with its connectivity to ASX and has to enact its BCP.", "question": "Does Participant B have an obligation to notify ASX that it has enacted its BCP, and if so by when?", "feedback": "A notification should be made to the relevant teams within ASX (depending on the nature of the disruption or outage) either via phone call or email.", "correctAnswer": "2", "answers": [ { "optionId": 1, "optionText": "Yes, immediately after the participant enacts it BCP" }, { "optionId": 2, "optionText": "Yes, as soon as reasonably practicable after a participant becomes aware of a disruption that causes the participant to enact its BCP. " }, { "optionId": 3, "optionText": "Yes, by the next business day of the participant enacting its BCP." }, { "optionId": 4, "optionText": "No, it is not a requirement to notify ASX when a participant enacts its BCP" } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "3. ASX Online Participant Forms", "questionSubHeading" : "Participant C", "questionIntro" : "Participant C is an ASX market participant. Participant C will relocate its principal place of business as a participant from Sydney to North Sydney by the end of the month. John, the compliance officer for Participant C, logs into ASX Online to complete a business address change form using the participant forms facility, but is unable to submit the form.", "question": "What should John do in this scenario?", "feedback": "If John has difficulties identifying his Enterprise Administrator he should email: asxonline@asx.com.au", "correctAnswer": "2", "answers": [ { "optionId": 1, "optionText": "Contact or email ASX Online " }, { "optionId": 2, "optionText": "Contact or email Participant C's Enterprise Administrator to check he has “form approver” permissions for Participant Forms." }, { "optionId": 3, "optionText": "Contact or email Participant C's ASX Compliance Adviser" }, { "optionId": 4, "optionText": "Contact or email Participant C's helpdesk to check he has “form editor” permissions for ASX Online Participant Forms." } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "4. How to notify ASX?", "questionSubHeading" : "Participant D", "questionIntro" : "Participant D is an ASX Clear participant. Participant D has recently appointed Adam as its new Chief Financial Officer and the Nominated Officer responsible for its liquidity management, replacing Steve who will be retiring.", "question": "How should Participant D notify ASX?", "feedback": "The Participant should notify ASX by sending an email to: CRAteam@asx.com.au", "correctAnswer": "1", "answers": [ { "optionId": 1, "optionText": "By email to: CRAteam@asx.com.au" }, { "optionId": 2, "optionText": "By email to: Participants.Compliance@asx.com.au" }, { "optionId": 3, "optionText": "Using ASX Online Participant Form - Director Change" }, { "optionId": 4, "optionText": "By email to: Review.Team@asx.com.au" } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "", "questionSubHeading" : "", "questionIntro" : "", "question": "5. Within what timeframe must a Participant notify ASX when there is a Business Name Change or Business Address Change?", "feedback": "A notification must be sent to ASX before the change becomes effective.", "correctAnswer": "3", "answers": [ { "optionId": 1, "optionText": "Immediately" }, { "optionId": 2, "optionText": "Within 5 business days of the change" }, { "optionId": 3, "optionText": "Before the change becomes effective" }, { "optionId": 4, "optionText": "During the annual notification schedule" } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "", "questionSubHeading" : "", "questionIntro" : "", "question": "6. Within what timeframe must a Participant notify ASX in writing when there is a Change of Director? ", "feedback": "A Market Participant must notify ASX in writing within 10 Business Days of the appointment, resignation or removal of a director", "correctAnswer": "2", "answers": [ { "optionId": 1, "optionText": "Within 5 Business Days" }, { "optionId": 2, "optionText": "Within 10 Business Days" }, { "optionId": 3, "optionText": "Immediately" }, { "optionId": 4, "optionText": "During the annual notification schedule" } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "", "questionSubHeading" : "", "questionIntro" : "7. A Participant has made a change to their nominated business continuity officer and another primary business continuity contact. ", "question": "How should they notify ASX of the change and in what timeframe?", "feedback": "Notification must be made within 10 Business Days by email to: review.team@asx.com.au.", "correctAnswer": "2", "answers": [ { "optionId": 1, "optionText": "By completing the ASX Online Participant Form - Material change and within 5 Business Days" }, { "optionId": 2, "optionText": "By sending an email to: review.team@asx.com.au within 10 Business Days" }, { "optionId": 3, "optionText": "By sending an email to: CRAteam@asx.com.au Immediately" }, { "optionId": 4, "optionText": "By sending an email to: review.team@asx.com.au within 5 Business Days" } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "", "questionSubHeading" : "", "questionIntro" : "8. A Participant has decided that they will outsource some of their Operations outside of Australia. ", "question": "How should they notify ASX of the change and in what timeframe?", "feedback": "Notification must be made prior to the change becoming effective. Notifications can be made by completing the ASX Online Participant Form – Overseas Activity.", "correctAnswer": "4", "answers": [ { "optionId": 1, "optionText": "By completing the ASX Online Participant Form - Material change and within 5 Business Days" }, { "optionId": 2, "optionText": "By completing the ASX Online Participant Form - Overseas Activity and after the change has become effective." }, { "optionId": 3, "optionText": "By completing the ASX Online Participant Form - Material change and prior to the change becoming effective." }, { "optionId": 4, "optionText": "By completing the ASX Online Participant Form - Overseas Activity and prior to the change becoming effective." } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "", "questionSubHeading" : "", "questionIntro" : "9. A Participant has decided to terminate an outsourcing arrangement with its provider. ", "question": "How should they notify ASX of the change and in what timeframe?", "feedback": "A notification must be made immediately. Notifications can be made by completing the ASX Online Participant Form - Material Change.", "correctAnswer": "3", "answers": [ { "optionId": 1, "optionText": "By completing the ASX Online Participant Form - Material change within 5 Business Days" }, { "optionId": 2, "optionText": "By completing the ASX Online Participant Form - Overseas Activity after the change has become effective." }, { "optionId": 3, "optionText": "By completing the ASX Online Participant Form - Material change immediately." }, { "optionId": 4, "optionText": "By completing the ASX Online Participant Form - Overseas Activity and prior to the change becoming effective." } ] }, { "moduleName" : "Notification Complaince", "questionHeading" : "", "questionSubHeading" : "", "questionIntro" : "10. ASX expects Participants to have appropriate arrangements in place to meet their notification requirements. ", "question": "Which of the below does ASX expect Participants to do?", "feedback": "ASX expects Participants to monitor ASX Online access, deliver training to relevant staff, review procedure and processes to ensure notification obligations are included, and set reminders for time based notification obligations to meet their notification requirements.", "correctAnswer": "5", "answers": [ { "optionId": 1, "optionText": "Monitor ASX Online Enterprise Administrator and User access to ensure all relevant staff are able to provide notifications" }, { "optionId": 2, "optionText": "Deliver training to relevant internal stakeholders on ASX notification requirements " }, { "optionId": 3, "optionText": "Review procedures and processes to ensure applicable participant notification obligations are included" }, { "optionId": 4, "optionText": "Set reminders for time-based notification obligations" }, { "optionId": 5, "optionText": "All of the Above." } ] } ];