The Australian Securities & Investments Commission has remade the legislative instrument exempting low-volume financial markets from the requirement to hold an Australian market licence. The new instrument raises the maximum annual transaction value to AUD 2.5 million from AUD 1.5 million, reflecting factors including inflation, while retaining the limit of 100 completed transactions in any 12-month period. The measure finalizes ASIC’s July-August 2026 consultation and continues relief in place since 2016. All three submissions supported its continuation in principle, although two raised concerns about the eligibility thresholds. ASIC concluded that the adopted thresholds balance lower compliance costs for market operators against regulatory risk, and the new instrument is scheduled to sunset on Oct. 1, 2031.
Australian Securities & Investments Commission remakes low-volume market licence relief, raises transaction threshold to AUD 2.5 million
The Australian Securities & Investments Commission has renewed the licence exemption for low-volume financial markets and raised the annual transaction value threshold from AUD 1.5 million to AUD 2.5 million. Markets must continue to record no more than 100 completed transactions in any 12-month period, and the new instrument is scheduled to sunset on Oct. 1, 2031.