The Australian Securities & Investments Commission (ASIC) has extended conditional short selling relief for appointed market makers to support liquidity in exchange-traded options listed over Global X Physical Gold Structured and specified structured products referencing precious metals, where settlement failure risk is considered low. From 3 February 2026, ASIC Corporations (Amendment) Instrument 2026/24 amends the ASIC Corporations (Short Selling) Instrument 2018/745 to allow market makers of specified precious metals structured products to short sell during market making on the same conditions that apply to exchange-traded fund market makers, add Global X Physical Gold Structured as an approved product an appointed exchange-traded options market maker can short sell for hedging, and extend covered short sale transaction reporting relief to market makers of the specified structured products. The amendments also update exchange traded product naming conventions and adopt market neutral language; market makers intending to rely on the exemption are directed to review the amended instrument and Regulatory Guide 196 on short selling.
Australian Securities & Investments Commission 2026-02-27
Australian Securities & Investments Commission extends conditional short selling relief for precious metals exchange traded product market makers
ASIC has extended conditional short selling relief for market makers to enhance liquidity in exchange-traded options over Global X Physical Gold Structured and specified structured products referencing precious metals. ASIC Corporations (Amendment) Instrument 2026/24 amends regulations to allow short selling under conditions similar to those for exchange-traded fund market makers and updates naming conventions for exchange-traded products. Market makers should review the amended instrument and Regulatory Guide 196 on short selling.