The following amendments are being made to the risk based capital requirements set out in Schedule 1 of the ASX Clear Operating Rules:
Definition of “Financial Asset Revaluation Reserves” is being amended to “Financial Asset and Liability Revaluation Reserves”, with the reference to available for sale financial assets being removed as this classification category will no longer exist under AASB 9 Financial Instruments;
Definitions of “Core Capital” and “Liquid Capital” are being amended to reflect the revised definition of “Financial Asset and Liability Revaluation Reserves”.
A marked-up version of the ASX Clear Operating Rules showing the amendments can be found here.
The Capital Liquidity Handbook will be updated shortly to reflect these rule amendments.
ASX Clear Participants should familiarise themselves with these rule amendments.
These changes become effective from 1 January 2018.
Colm Grace, General Manager, Clearing Risk Policy & Management
Marisa Khan, Danica Zagorsky
1800 636 850