Non-ADI Participants of ASX Clear (Futures) (ASXCLF) that are also Participants of ASX Clear (ASXCL) are subject to two sets of capital requirements and are required to submit both the monthly risk based capital liquidity return to ASXCL and the NTA return to ASXCLF.
ASX has reviewed the reporting requirements of such participants and has determined that it is appropriate to only require lodgement of the monthly capital liquidity return, via the granting of a waiver.
ASX Clear (Futures) Pty Limited (“ASXCLF”) grants all non-ADI Clearing Participants that are also participants of ASX Clear Pty Ltd a waiver of:
which will exempt these Clearing Participants from having to submit a monthly NTA return, subject to the following conditions:
1. The Clearing Participant must include the following information normally reported in the NTA return in the additional comments section of the monthly capital liquidity return.
2. The Clearing Participant must remain a participant of ASX Clear Pty Ltd.
Note: Participants will still be required to comply with all other financial and notification requirements under the ASXCLF Rules, including the minimum NTA requirement and net liquid assets requirement.
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Colm Grace, General Manager, Clearing Risk Policy and Management
Ian Chensen
1800 636 850
CRAteam@asx.com.au