AUSTRALIA: ASIC Consults on Amendments for the Launch of the Chi-X Australia Investment Product Market

Thursday August 20 2015

On 20th August 2015, the Australian Securities and Investments Commission released a consultation paper setting out proposed changes to ASIC market integrity rules and various instruments to enable Chi-X Australia Pty Ltd (Chi-X) to commence the quotation and trading of warrants and exchange traded funds (ETFs) on its market.

The proposals in CP 235 aim to apply a consistent regulatory framework for the quotation and trading of warrants and exchange traded funds (ETFs), in particular, for market participants and investors who may seek to trade these products on the ASX and/or Chi-X markets. ASIC`s objective is to maintain existing levels of market integrity and investor protection for these products irrespective of the market on which they are traded.

CP 235 also proposes some minor changes to:

• ASIC market integrity rules for the ASX market in response to recent amendments to the ASX Operating Rules, and
• individual relief instruments for ASX-quoted ETFs and managed fund products.

Click on the link above for further details.