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Notice
Amendments to the ASX Operating Rules and Procedures and the ASX Clear Operating Rules and Procedures – removal of redundant rules relating to futures products and miscellaneous changes to contemporise the rulebooks
ASX Limited (“ASX”) and ASX Clear Pty Limited (“ASX Clear”) advise that a number of changes have been made to:
- the ASX Operating Rules and the ASX Clear Operating Rules (together, the “Rules”), and
- the ASX Operating Rules Procedures and the ASX Clear Operating Rules Procedures (together, the “Procedures”), and that these changes are to become effective from 19 February 2024.
Removal of redundant rules relating to futures products
ASX and ASX Clear have amended the Rules and Procedures to remove redundant rules relating to the trading and clearing of futures contracts and options over futures contracts (“Futures Products”), which are not in use and are not contemplated to be used in the future, as all Futures Products are now traded on the ASX24 market and are cleared through the clearing facility operated by ASX Clear (Futures) Pty Limited.
Miscellaneous changes to contemporise the rulebooks
ASX and ASX Clear have also amended the Rules and Procedures to:
- remove redundant rules relating to BookBuild, PureMatch, VolumeMatch and Bulletin Board functionality, which are not in use and are not contemplated to be used in the future; and
- contemporise the Rules and Procedures by:
- where appropriate, removing redundant references to rules that have been deleted from the Rules and/or the Procedures for a period of greater than two years, and renumbering remaining rules;
- removing references to disused processes; and
- correcting some minor cross‐referencing errors and typographical errors.
ASX and ASX Clear anticipate that the removal of the above mentioned rules from the ASX Operating Rules and the ASX Clear Operating Rules will provide clarity to the market through minimising the instances of redundant rules and procedures appearing in these two rulebooks.
The amendments to the Rules and Procedures do not make any substantive changes to the existing operations of the ASX market or to the operations of ASX Clear.
The changes to the Rules and Procedures are attached to this notice for reference:
- Attachment A: Rule Changes to ASX Operating Rules and ASX Clear Operating Rules
- Attachment B: Procedure Changes to ASX Operating Rules Procedures and ASX Clear Operating Rules Procedures
What do I need to do by when?
No action required.
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Issued by
Ben Jackson, GM, Market Operations
Suzy Munro, GM, Securities and Payments Operations