Code of Practice
On 9 August 2013, ASX’s Code of Practice for Clearing and Settlement of Cash Equities in Australia ("the Code") came into effect.
ASX agreed to develop the Code following the announcement by the Deputy Prime Minister and Treasurer on 11 February 2013 to defer a decision on any licence application from a CCP seeking to compete in the Australian cash equity market for two years.
The Code reinforces ASX's commitment to ensuring Australia's clearing and settlement infrastructure is efficient, well capitalised and well regulated, and continues to meet users' needs.
Further information on the Code is available at: www.asx.com.au/cs/.