Today ASX Clear released a response paper to the 14 October 2020 consultation paper on proposed changes to capital requirements for non-bank ASX Clear Participants.

Seven written submissions were received in response to the consultation paper, and bilateral meetings were also held between ASX Clear and those participants most directly impacted by the proposed changes. ASX Clear would like to thank those who have provided feedback on the consultation paper.

Based on the feedback received, ASX Clear is making the following modifications to the original proposal:

• an alternate framework for low risk direct participants; and
• an increase  to the limit on the amount of approved subordinated debt that can be included in liquid capital.

The response to consultation paper can be viewed here. Appendix A of the paper outlines the draft rule amendments to give effect to the recalibrated proposal.

What do I need to do by when?

ASX Clear Participants should familiarise themselves with the recalibrated proposal.

Need more information?

Issued by

Colm Grace, General Manager, Clearing Risk Policy & Management

Contact information

Marisa Khan, Trully Smith
1800 636 850
CRAteam@asx.com.au

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