The Australian Securities and Investments Commission (ASIC) is consulting on updates to its guidance on the amount, form and availability of financial resources licensed market operators in Australia need to support market resilience. The proposals would also clarify additional scenario and stress testing for significant market venues, alongside reporting and monitoring requirements. The revisions to Regulatory Guide 172, Financial Markets: Domestic and overseas operators, build on existing principles for Tier 1 and Tier 2 market licensees to assess whether their financial resources are sufficient. Under the Corporations Act, licensed operators must already have sufficient resources to operate their markets properly.
ASIC consults on clearer financial resources guidance for Australian market operators
The Australian Securities and Investments Commission is seeking feedback on clearer guidance on the amount, form and availability of financial resources for licensed market operators. The proposals also address additional scenario and stress testing for significant market venues and clarify reporting and monitoring requirements.