Participants are advised of amendments to the ASX Clear Operating Rules Procedures, specifically Procedure 12.1.1A and Procedure 12.22.2, which are effective on 8 September 2016. The amendments are in relation to allowable times for registration of OTC Options Market Transactions and the allowable times and procedures for cancellation of Derivatives Market Contracts in relation to OTC Options Market Transactions.

The amendments include:

• changes to the timing for notification of OTC Options Market Transactions to ASX Clear for registration.

• an extension of the time within which participants can agree to cancel Derivatives Market Contracts in relation to OTC Options Market Transactions until 10.30am on the next business day after the trade report date.

• changes to the way in which Derivatives Market Contracts in relation to OTC Options Market Transactions may be cancelled by participants.

A marked-up version of the ASX Clear Operating Rules Procedures showing the amendments can be found here.

What do I need to do by when?

Please review the ASX Clear Operating Rules Procedures amendments and determine any internal procedure changes that should be made.

Need more information?

Issued by

Gregory Pill – Manager, Equity Derivatives

Contact information

Gregory Pill
+61 (02)  9227 0696
greg.pill@asx.com.au

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