ASIC Corporations (ASIC CS Services Rules Limited Exemption–ASX Settlement) Instrument 2025/257

ASIC Corporations (ASIC CS Services Rules Limited Exemption–ASX Settlement) Instrument 2025/257

I, Benjamin Cohn-Urbach, delegate of the Australian Securities and Investments Commission, make the following notifiable instrument.

Date  21 May 2025

Benjamin Cohn-Urbach

Contents

Part 1—Preliminary 3

1 Name of notifiable instrument....................................3

2 Commencement...............................................3

3 Authority....................................................3

4 Definitions...................................................3

Part 2—Exemption 3

5 Temporary exemption from certain CS Services Rules.................3

6 Conditions for exemption........................................3

Part 3—Repeal 4

7 Repeal.......................................................4

Part 1—Preliminary

1 Name of notifiable instrument

This is the ASIC Corporations (ASIC CS Services Rules Limited Exemption–ASX Settlement) Instrument 2025/257.

2 Commencement

This instrument commences on the day after it is registered on the Federal Register of Legislation.

Note: The register may be accessed at www.legislation.gov.au.

3 Authority

This instrument is made under subsection 828R(2) of the Corporations Act 2001.

4 Definitions

In this instrument:

Act means the Corporations Act 2001.

ASX Settlement means ASX Settlement Pty Limited ACN 008 504 532.

CS Services Rules means the ASIC CS Services Rules 2025.

representative body means the representative body or bodies referred to in subrule 2.1.2(1) of the CS Services Rules.

Part 2—Exemption

5 Temporary exemption from certain CS Services Rules

Subject to section 6, ASX Settlement does not need to comply with the following CS Services Rules until 1 July 2025:             

1.    paragraph 2.2.1(2)(d);
2.    paragraph 2.2.1(2)(f); and
3.    paragraph 2.2.1(2)(g).  

6 Conditions for exemption

The exemption in section 5 is conditional on ASX Settlement taking reasonable steps (including undertaking consultation with its representative body) to finalise by 1 July 2025 the policies and procedures required under paragraphs 2.2.1(2)(d) and 2.2.1(2)(f) of the CS Services Rules.

Note: Policies and procedures can be multiple documents or one that covers the requirements of paragraphs 2.2.1(2)(d) and 2.2.1(2)(f) of the CS Services Rules.

Part 3—Repeal

7 Repeal

This instrument is repealed at the start of 1 July 2025.