ASX Welcomes Guidelines for Equities Clearing Competition
Posted: Tue Oct 11, 2016 8:22 am
Australia’s Council of Financial Regulators (CFA) has today released policy statements on the regulation of Australian cash equities clearing and settlement services.
The statements outline the minimum conditions for equity clearing competition and provide clarity to potential applicants on how licence applications will be assessed. They also cover a range of matters relevant to governance, pricing and access.
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In March this year, the government asked the CFR to develop policy to allow it to open up competition in the clearing of cash equities as ... (read more)