ASIC’S SUPERVISION OF NSX Sample Clauses

ASIC’S SUPERVISION OF NSX. ASIC and NSX acknowledge that ASIC, in undertaking its oversight supervisory role, has responsibility to ensure NSX's arrangements for managing its Regulatory Risks are continuously effective. NSX agrees that those arrangements must be sufficient to, amongst other things, ensure there are reasonable prospects of detecting and dealing appropriately with breaches of the market's procedural requirements and with unlawful or undesirable conduct on, or associated with, the market and to perform its reporting and other obligations under the Law. ASIC's approach to the supervision of NSX will be risk-based in order to enhance the efficiency and effectiveness of the supervision process. The manner in which supervision is undertaken by ASIC of NSX is at ASIC's discretion and may vary from time to time depending upon what ASIC considers appropriate in order to discharge its regulatory responsibilities and to assist NSX to manage the Regulatory Risks effectively. To assist ASIC to achieve these regulatory objectives, and to enable ASIC to discharge its responsibilities to monitor NSX's compliance with its obligations, NSX agrees to co-operate with ASIC by providing ASIC with all information and other assistance which ASIC may reasonably require in exercising its powers and carrying out its functions.