The ASX Equity Research Scheme (ERS) is a scheme under which ASX subsidises research by ASX participants on ASX-listed companies that meet the following criteria:

• Listed before 1 January 2017;

• Market capitalisation of at least $30m and less than $1 billion;

• Less than three analysts covering the company (ASX will preferentially allocate companies with the least coverage);

• Outside the S&P / ASX 300;

• At least 10% free float. 

ASX is seeking proposals from suitably qualified organisations (Research Providers) who wish to participate in the scheme for the 2018 financial year. 

To qualify, respondents must:

(a) Be an ASX Market Participant;

(b) Be licensed under Australian law to provide the financial services required by their participation in the ERS;

(c) Have an established research function in place and engage a research analyst with at least three (3) years of relevant experience to write the report;

(d) Have, and be able to demonstrate, an established distribution network appropriate for the companies covered under the Proposal; and

(e) Demonstrate the firm is not facing, or has not faced, any disciplinary action, regulatory action or legal proceedings, in relation to the formation and/or provision of research brought against it in the last five (5) years. 

The timeline for administering the ASX Research Scheme for FY18 is as follows:

• RFP responses 21/7/17

• Indicative list of companies to Research Providers 4/8/17

• Contracts 11/8/17

• First reports due 30/11/17

What do I need to do by when?

If you believe you qualify as a research provider for the ERS, you will need to contact ASX for a copy of the RFP, and provide a response which is due back 5pm 21 July 2017.

Need more information?

Issued by

Michelle McAllister

Contact information

Michelle McAllister |Program Manager, Issuer Services
+61 (02)  9227 0692
michelle.mcallister@asx.com.au

Disclaimer