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Notice
This notice is to inform ASX customers of updates to a range of fee schedules that will apply to AQUA Product Issuers.
Clarification to the basis upon which ASX will apply fees
Further to the notices 0661.16.06 and 1049.15.09, this notice is to clarify the basis upon which ASX will apply fees to AQUA Product Issuers. The updates were effective 1 July 2016:
Issuer Establishment Fee (Product Code 06250020)
The fee of $500.00 has been introduced in order to set up an issuer in CHESS and enable the establishment of a sub-register for financial products. ASX will apply this fee each time a three character issuer code and User Identification Code (UIC) is created in CHESS.
Therefore, an AQUA Product Issuer who sets up multiple three character issuer codes in CHESS will be charged $500.00 for each three character issuer code.
mFund New Issuers Fee (Product Code 04900415) and New Fund or Structured Product Issuer Fee (Product Code 06250002)
These new AQUA Product Issuer fees will be applied by ASX upon receipt of an application for an AQUA Product Issuer applying for admission to issue AQUA Products to Trading Status or the mFund Settlement Service. The fee for each Product Code is $14,500.
A refund of $9,500 (Product Code 04900426 or Product Code 06250021) will apply to 049000415 or 06250002 should the application not proceed.
Update to fee schedule effective 1 July 2016
The ASX Trade: Markets Participant and Trading Schedule of Fees has been updated effective 1 July 2016 to include the following:
Existing Fund Issuer with new Fund/s linked to a single asset, maturing or expiring underlying instrument
A fee of $5,000 will apply on application for the review of the disclosure document (Product code: 06250022)
A fee of $2,000 per new fund series will apply on application (Product code: 06250023)
Effective Date of new mFund fees for distribution election requests, and income and annual statements
Further to notice 0244.16.03, ASX advises that the effective date of the following fees was 1 August 2016.
Message Number |
Product Code |
Description |
Charge Basis |
Charge (GST Exclusive) |
Distribution Preferences |
04900424 |
Accepted Distribution Election Request |
Per request |
$0.50 charge to PISP |
Periodic and Standing Statements |
04900423 |
Income Statement Advice |
Per request |
$0.25 charge to Controlling Participant |
Annual Income Statements |
04900425 |
End Participant Income Statement Set |
Per request |
$1.00 charge to Controlling Participant |
*All fees are GST exclusive
What do I need to do by when?
This notice is for information purposes for AQUA Product Issuers.
Need more information?
ASX Trade: Markets Participant and Trading Schedule of Fees
Clearing, Settlement and Issuer Administration Services Schedule of Fees
You can visit ASX web page http://www.asx.com.au/about/aqua-cost-considerations.htm for more information.
Issued by
Andrew Weaver, Manager Funds, & Investment Products
Contact information
Andrew Weaver
+61 (02) 9227 05750
andrew.weaver@asx.com.au