On 15 November 2024, ASX released its response to consultation on the amendments it proposed in May 2024 to the ASX 24 Operating Rules and Procedures and ASX Clear (Futures) Operating Rules and Procedures that relate to:

• the transfer of obligations for allocations, position limits and daily reporting of Open Positions from Trading Participants to Clearing Participants; and  
• the five year review and refresh of the ASX Clear (Futures) Operating Rules and Procedures. 

A copy of the consolidated amendments across the two rulebooks is available here. There have been no material changes to the amendments included in ASX’s response to consultation.

The amendments have now received regulatory clearance and will take effect on Monday 3 November 2025, with the exception of the amendments noted below.

The following amendments will be deferred until such time as regulatory clearance is received for equivalent amendments to other ASX rulebooks and ASX will notify the market of their effective date separately:

·       Director changes (ASXCLF Rule 4.14(d) & ASX 24 Procedure 1400(e)2(a))

·       Nominated officer responsible for disaster recovery and business continuity (ASXCLF Procedure 4.14(p))

·       Primary and Secondary Contact – Recovery Rules (ASXCLF Procedure 4.14(p))

What do I need to do by when?

If you are an ASX 24 Trading Participant or ASX Clear (Futures) Clearing Participant, you should review the amendments to the ASX 24 and ASX Clear (Futures) Operating Rules and Procedures to ensure that you are well positioned to comply with your obligations on and from Monday 3 November 2025.

In the next month, ASX Participants Compliance will:

-        Engage with compliance contacts at Clearing Participants bilaterally to confirm ASX’s expectations around reporting and position management.

-        Issue the final (new) Guidance Note relating to position management under the amendments to the ASX Clear (Futures) Operating Rules.

-        Update and re-issue Guidance Note 1 (Admission as a Participant) to reflect the amendments to the ASX 24 Operating Rules and ASX Clear (Futures) Operating Rules.

Need more information?

Issued by

Nikki Swinson, GM Participants Compliance

Contact information

Nikki Swinson, GM Participants Compliance
+61 (02)  9227 0000
nikki.swinson@asx.com.au

Disclaimer