What's changing?

ASX has today updated the following Guidance Notes:

• ASX Operating Rule Guidance Note 5 Suspension and Termination of Participants

• ASX 24 Operating Rule Guidance Note 5 Suspension and Termination of Participants

• ASX Clear Operating Rule Guidance Note 5 Suspension and Termination of Participants

• ASX Settlement Operating Rule Guidance Note 5 Suspension and Termination of Participants

The updates:

1. highlight that the suspension or termination of a participant’s admission in one ASX market or facility could lead to the suspension or termination of its admission in another ASX market or facility

2. explain that where activities are outsourced to another participant that which has its admission suspended or terminated this could lead to the suspension or termination of the outsourcing participant if it is unable to comply with its obligations under the relevant Operating Rules

3. elaborate on the conditions or restrictions that may be applied on a participant’s admission (if there are circumstances entitling ASX to suspend or terminate the participant’s admission)

4. in respect of ASX Settlement Operating Rule Guidance Note 5, explains the operation of the back-out algorithm

In addition, ASX has today released the following Guidance Notes:

• ASX Clear (Futures) Operating Rule Guidance Note 5 Suspension and Termination of Participants

• Austraclear Regulations Guidance Note 5 Suspension and Termination of Participants

What do I need to do by when?

Participants should review the changes and the new Guidance Notes as applicable.

Need more information?

The updated and new Guidance Notes can be accessed under the relevant rulebook here.

Issued by

Bill Woods, Principal Adviser

Contact information

Bill Woods
+61 (02)  9227 0000
info@asx.com.au

Disclaimer