Notice

Consultation on proposed changes to ASX Clear Operating Rules regarding trust and client segregated accounts

What's this about:
  • Clearing
  • Operations
  • Rules
  • Compliance
  • Risk
  • Equities
  • Exchange Traded Products (ETP) & mFund
  • Cash
  • Equity Derivatives
  • ASX Market
Notice reference number: 1585.20.12
Date published: 01/12/20
Effective as of: 01/12/20
Last updated: 02/12/20

Today ASX Clear published a consultation paper on proposed amendments to the ASX Clear Operating Rules and Procedures and ASX Clear Operating Rules Guidance Note 12 Trust and Client Segregated Accounts.

The proposed changes are intended to provide an improved framework and additional guidance to assist participants in complying with their client money obligations and address a number of issues that ASX has observed in recent years with the trust accounts systems and processes of some ASX Clear participants.

The consultation paper can be viewed here. Annexure A provides details of the proposed changes to the ASX Clear Operating Rules and Procedures and Annexure B provides details of the proposed changes to ASX Clear Operating Rules Guidance Note 12 Trust and Client Segregated Accounts.

 

 

What do I need to do by when?

ASX Clear Participants should familiarise themselves with the proposed amendments and provide feedback in writing by 8 February 2021. Responses should be submitted by email to participants.compliance@asx.com.au.

Need more information?

Issued by

Nikki Swinson, General Manager, Participants Compliance

Contact information

Bill Woods
+61 (02)  9227 0000
participants.compliance@asx.com.au

Disclaimer