Australian Securities and Investments Commission Derivative Transaction Rules (Clearing) Amendment Instrument 2023/726 (Cth)

ASIC Derivative Transaction Rules (Clearing) Amendment Instrument 2023/726

I, Benjamin Cohn-Urbach, delegate of the Australian Securities and Investments Commission, acting with the written consent of the Minister, make the following legislative instrument.

Date 18 September 2023

Benjamin Cohn-Urbach

Contents

Part 1Preliminary1Name of legislative instrument

This is the ASIC Derivative Transaction Rules (Clearing) Amendment Instrument 2023/726.

2Commencement

(1) This instrument (other than item 7 of Schedule 1 to this instrument) commences on the day after this instrument is registered on the Federal Register of Legislation.

(2) Item 7 of Schedule 1 to this instrument commences on the day that is 6 months after the day this instrument is registered on the Federal Register of Legislation.

Note: The register may be accessed at level="2">3Authority

This instrument is made under section 901M of the Corporations Act 2001.

4Schedules

Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

ASIC Derivative Transaction Rules (Clearing) 2015

1Subrule 1.2.3(2) (table item 1)

Repeal the item.

2Subrule 1.2.3(2) (table item 2)

Renumber as item 1.

3Subrule 1.2.3(2) (table item 3)

Renumber as item 2.

4Subrule 1.2.3(3) (table item 1)

Repeal the item.

5Subrule 1.2.3(3) (table item 2)

Renumber as item 1.

6Subrule 1.2.3(3) (table item 3)

1. •Repeal the item.

7Subrule 1.2.3(4) (after table item 5)

Insert:

6 US dollar Secured Overnight Financing Rate (SOFR) 7 days to 50 years