ASIC – RBA Issue Joint Letter of Expectations to ASX

Summary:

A joint letter from the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) outlines regulatory expectations for ASX Clear Pty Limited and ASX Settlement Pty Limited regarding engagement with the newly established ASX Cash Equities Clearing and Settlement Advisory Group. The letter requires ASX Clear and ASX Settlement to support and collaborate with the Advisory Group in good faith and in the public interest. The regulators intend to monitor ASX Clear and ASX Settlement's engagement with the Advisory Group and have set a deadline of 31 August 2023 for ASX Clear and ASX Settlement to formally acknowledge the letter and provide a public undertaking to comply with the expectations.