This notice is to inform ASX customers of updates effective from 1 July 2016 to a range of fee schedules across the cash equity market. The changes seek to balance the interests of ASX’s diverse customer base and provide consistency across product types:

1. Cash Market Trading, Clearing and Settlement Revenue Sharing Schemes

• Existing annual revenue sharing arrangements applicable to ASX’s cash market clearing and settlement businesses will be maintained.
• Annual revenue sharing scheme for cash market trading will cease from 1 July 2016.

2. Clearing, Settlement and Issuer Administration Services Schedule of Fees

Cash Equities Transaction Clearing Fee

• ASX will reduce its headline clearing fee by 10%, from 0.25 basis points to 0.225 basis points. (Section 1.2; Product code 04900000).

Fund Clearing, Settlement and Issuer Administration

The changes align certain fees for Funds with the fees for Equities to reflect the similar support requirements of these products.

• Equity Issuer Annual Operating Charge. This per issue, per annum fee will apply to all ASX-admitted and non-ASX-admitted Funds and Equities, and has been renamed ‘Equity and Fund Issuer Annual Operating Charge’ to reflect this. (Section 5.2;Product code 04900265)
• Existing Warrants and ETF Issuer – Series Issuance. This fee will no longer apply to ETFs and has been renamed ‘Existing Warrants and Structured Product Issuer – Series Issuance’ to reflect this. (Section 4.2; Product code 06250001)
• Transaction Clearing Fee for Equities. This fee will apply to all Investment Products, including those previously treated as Funds and Structured Products, and has been renamed ‘Transaction Clearing Fee for Equities and Investment Products’ to reflect this.  (Section 1.2; Product code 04900000)
• Transaction Clearing Fee for Structured Products. This fee has been removed.  (Section 1.2; Product code 04900003)

mFund Issuers

• Issuer Establishment Fee applied to all ASX-admitted Funds (Section 4.1; Product codes 06250020)

3. ASX Trade: Markets Participant and Trading Schedule of Fees

ASX Issuers – Annual Fees

• Updated Annual Fees for funds (trading market and mFund) to reflect changes in clearing fees that take effect from 1 July 2016. (Section 4.3; Product codes 06250010, 06250011 & 06250012)

4. mFund Schedule of Fees

mFund Issuers

• Updated Annual FUM Fees to reflect changes in clearing fees that take effect from 1 July2016. (Section 1; Product codes 04900417)
• Updated New Issuers fee to reflect changes in per issuer establishment fee. (Section1; Product codes 04900415)

What do I need to do by when?

Please see below for the link to the updated fee schedules.

You can also visit ASX web page http://www.asx.com.au/about/asx-fees.htm for more information.

Need more information?

Click here for more information –

• Attachment A – Clearing, Settlement and Issuer Administration Services Schedule of Fees
• Attachment B – ASX Trade: Markets Participant and Trading Schedule of Fees
• Attachment C – mFund Schedule of Fees

Issued by

Tim Hogben, Group Executive, Operations

Contact information

Rodd Kingham, Senior Manager, Equity Post Trade services
(02) 9227 0427 rodd.kingham@asx.com.au

Marcus Christoe, Senior Manager, Funds Investment Products
(02) 9227 0237 marcus.christoe@asx.com.au

Richard Atkins Senior Manager, Trade Execution Sales
(02) 9227 0028 richard.atkins@asx.com.au

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