Notice

Consultation Paper – CHESS Replacement: Tranche 1 Rule Amendments

What's this about:
  • ASX Market
  • Trading
  • Clearing
  • Settlement
  • Rules
  • Cash
  • Debt Instruments
  • Exchange Traded Products (ETP) & mFund
  • Equities
Notice reference number: 1273.19.11
Date published: 15/11/19
Effective as of: 15/11/19
Last updated: 15/11/19

To facilitate the implementation of the new system that will replace CHESS in April 2021, ASX needs to make amendments to the ASX Settlement Operating Rules, ASX Clear Operating Rules and ASX Operating Rules.

ASX has today released a consultation paper on the first of three tranches of rule amendments required to support the operation of the new system. These relate to accounts, participants, securities and pre-settlement aspects for Day 1 CHESS replacement system functionality.

The consultation paper invites feedback from users and other stakeholders on the operation of the draft tranche 1 rule amendments, including any unintended consequences. Written submissions are requested by 17 January 2020. 

Need more information?

Further information on the replacement of CHESS is available at the ASX CHESS Replacement web page.

Issued by

Con Korkofigas
Senior Manager and Senior Legal Counsel

Contact information

Con Korkofigas

con.korkofigas@asx.com.au

 

Adriana Wild Taylor

Legal Counsel

adriana.wild-taylor@asx.com.au  

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