mFund Operating Rules and operational resources

mFund Operating Rules and operational resources

Participants of the mFund service should familiarise themselves with the following documents:

  • Rules: Participants of ASX must comply with the ASX Rule Books.
  • Procedures: The documents outline the procedures Participants should implement to comply with the Rules
  • Guidelines: Provide detailed step by step instructions on how to carry out certain functions
  • Guidance notes: Provide commentary from ASX about ASX rules
  • Compliance checklist - https://www.asx.com.au/regulation/compliance/compliance-downloads.htm
Key documents Description
General
CHESS External Interface Specifications
(CHESS EIS, or EIS)
 		 The EIS provides detailed information about the protocol used to communicate with CHESS, the format and content messages which are exchanged between the CHESS facility and its users. EIS Section 4 lists the message types and gives information about each individual message purpose and content.
ASX Trading Participants
ASX Operating Rules (Section 7) Section 4 (in particular Rules 4650 to 4656 and their associated Procedures) detail the obligations that apply to ASX Trading Participants participating in the mFund.
ASX Operating Procedures The Operating Procedures provide greater clarity on and detail when reading the ASX Operating Rules.
ASX Operating Rules Guidance Note 15 -
ASX Managed Fund Settlement Service (mFund)
 		 The Guidance Note assists trading participants understand the initial and ongoing requirements for participation in the ASX mFund service.
ASX Settlement Participants (General settlement Participants, Account Settlement Participants, Product Issuer Settlement Participants (PISP))
ASX Settlement Operating Rules Section 18 of the Rules and its associated Procedures details the obligations for settlement of mFund products (note, however that Settlement Participants, including PISPs, have a number of other obligations under the ASX Settlement Operating Rules eg: settlement, conversion between registers and holder administration).
ASX Settlement Operating Rules Procedures These procedures provide greater detail on the ASX Settlement Operating Rules and should be read in conjunction with the Settlement Operating Rules themselves.
ASX Settlement Procedure Guidelines (APGs) The APGs provide operations guidelines for Settlement Participants and registries and can be used by them as a base for establishing internal procedures. Section 28 covers the mFund Settlement Service although other sections are relevant for mFund participants (eg: the sections on settlement, conversion between registers and holder administration). The APGs frequently refer to CHESS messages the content and purpose of which are detailed in the EIS
Product Issuers (Responsible Entities)
ASX Operating Rules Schedule 10A This describes and sets out specifications in respect of mFund products.
ASX Operating Rules Schedule 10A Procedures This provides more detail in respect of the ASX Operating Rules as they relate to Managed Fund Products.