Effective 3 July 2017, ASX Clear (Futures) will introduce a framework to facilitate client representation on the ASX Clear (Futures) Risk Committee. This framework reflects the RBA’s Supplementary Interpretation of the Financial Stability Standards for CCPs (issued 27 October 2014) that provides that a CCP’s risk committee should include client representatives (depending on the scale and nature of client clearing).
A copy of the amendments is available here.
Clearing Participants do not need to take any action.
Colm Grace, General Manager Clearing Risk Policy and Management
+61 (02) 9227 0439