Exempt markets

Listed below are the facilities that have been exempted by the Minister from the markets licensing provisions in accordance with Chapter 7 of the Corporations Act.

You can download a PDF version of the exemption instrument for each facility listed.

We will add to this list when new exemptions are approved. Exemptions are effective from the date of gazettal or at a later date specified by the Minister.

See also previous exemption instruments that have been superseded by new instruments or are no longer effective.

Exempted entityDescription of exempted activity

ASX Settlement Pty Limited 

Operation of the managed investment scheme application and settlement service known as 'mFund'.

Date of gazettal 7 January 2014

BGC Brokers LP

Operation of a market in credit derivatives, foreign exchange options and interest rate derivatives.

Date of gazettal 28 August 2012

For more information go to www.bgcpartners.com

See also previous exemption notice

BrokerTec Europe Limited 

Operation of a market in eligible financial products described in clause 8 of the exemption notice.

Date of gazettal 5 January 2016.

For more information go to www.brokertec.com

Creditex Brokerage LLP

Operation of a market in credit derivatives and bonds

Date of gazettal 22 February 2010

For more information go to www.creditex.com

Currenex Inc

Operation of (a) a market in spot metals, spot foreign exchange, foreign exchange derivatives and metals derivatives; and (b) a market in spot metals and spot foreign exchange.

Date of gazettal 12 April 2011

For more information go to: www.currenex.com

EBS Service Company Limited

Operation of a market in spot and derivatives, for both foreign exchange and metals

Date of gazettal 2 March 2010

For more information go to www.ebs.com

EquiLend LLC

Operation of a market for the lending and borrowing of securities, corporate and government bonds, interests in managed investment schemes and a limited range of derivatives.

Date of gazettal 7 October 2014

For more information go to www.equilend.com

Genea Limited (formerly known as Sydney IVF Limited)

Operation of a pre-emption rights by tender market in Sydney IVF Limited shares and options in ordinary unissued Sydney IVF Limited shares in accordance with clause 8.2 of its constitution as at 6 November 2008.

Date of gazettal 8 February 2010

Variation of the exemption gazetted 9 April 2013, changes name of entity from Sydney IVF Limited to Genea Limited.

For more information go to www.genea.com.au

GFI Brokers Limited

Operation of a market in foreign exchange options and credit default swaps.

Date of gazettal 4 December 2007

Variation to include the trading of bonds and metal options

Date of gazettal 2 March 2010

For more information go to www.gfigroup.com

GFI Group Pte Ltd

Operation of a financial market in interest rate derivatives

Date of gazettal 26 July 2011

Variation of the exemption gazetted 6 January 2015, changes the number and type of products that may be traded under the exemption

ICAP Brokers Pty Ltd

Operation of the market known as ETC

Date of gazettal 2 March 2010

Variation of exemption gazetted 30 July 2013 to permit trading of corporate bonds, New Zealand government bonds, credit derivatives and interest rate derivatives.

For more information go to www.icap.com

See also previous exemption notice

ICAP Europe Limited

Operation of a market in foreign exchange forwards

Date of gazettal 16 February 2010

For more information go to www.icap.com

ICAP Financial Products Pte Ltd

Operation of a financial market in iron ore and coal derivatives

Date of gazettal 30 August 2016

For more information go to www.icap.com

ICAP Securities Ltd

Operation of a market in credit derivatives

Date of gazettal 18 May 2010

Variation of exemption gazetted 26 July 2011 to permit trading of interest rate derivatives.

For more information go to www.icap.com

Integral Development Corp.

Operation of a market in FX swaps and forwards.

Date of gazettal 25 November 2014

For more information go to www.integral.com

LMAX Limited

Operation of two markets in spot foreign exchange products.

Date of gazettal 26 July 2016

For more information go to www.lmax.com/exchange

MarketAxess Europe Limited

Operation of a market in securities, corporate and government bonds, and credit derivatives.

Date of gazettal 18 October 2016

For more information go to http://www.marketaxess.com/index.php

MarketAxess Corporation

Operation of a market in securities, corporate and government bonds, and credit derivatives.

Date of gazettal 18 October 2016

For more information go to http://www.marketaxess.com/index.php

National Golf Holdings Limited

Operation of a share trading facility

Date of gazettal 19 July 2005

For more information go to www.nationalgolf.com.au

OTCX Trading Limited

Operation of a market in over-the-counter interest rate and equity derivatives

Date of gazettal 4 October 2016

For more information go to http://www.otcxtrading.com/

ParFX (UK) Ltd

Operation of a market in spot foreign exchange contracts

Date of gazettal 11 February 2014

For more information go to www.parfx.com

State Street Bank & Trust Company

Operation of the market known as FX Connect

Date of gazettal 10 March 2004

For more information go to www.statestreet.com

Terrey Hills Golf & Country Club Holdings Limited

Operation of a note and share transfer facility - Date of gazettal 2 August 2011.

For more information go to www.terreyhillsgolf.com.au

See also previous exemption notice

TFS ICAP Ltd

Operation of a market in foreign exchange options

Date of gazettal 24 December 2013

For more information go to www.traditionicap.com

360 Treasury Systems AG

Operation of a market in spot foreign exchange, foreign exchange derivatives, interest rate derivatives and deposit-taking facilities.

Date of gazettal 26 February 2013

Variation of exemption gazetted 10 May 2016 to permit trading of repo agreements and eligible repo agreement products.

For more information go to www.360t.com 

TradeWeb Europe Limited

Operation of a market in fixed-income products

Date of gazettal 18 September 2007

Please note that the last paragraph of condition 6 should be indented such that it only applies to condition 6(b).

For more information go to www.tradeweb.com

Tri-Optima AB

Operation of a market in credit derivatives and interest rate derivatives.

Date of gazettal 12 March 2013

Variation of exemption gazetted 10 May 2016 to permit trading of FX forwards

For more information go to www.trioptima.com

Tullett Prebon (Singapore) Limited

Operation of a market in foreign exchange options

Date of gazettal 18 September 2007

Variation of exemption gazetted 16 February 2010 to permit trading of metals options

For more information go to www.tullettprebon.com

 

Tullett Prebon (Australia) Limited

Operation of a market in bonds and in credit derivatives Date of gazettal 18 May 2010

Variation of exemption gazetted 19 July 2011 to permit trading in interest rate derivatives and foreign exchange contracts that are foreign exchange forwards For more information go to www.tullettprebon.com

Various - class exemptions under s791CDescription of exempted activity

Corporations (Low Volume Financial Markets) Instrument 2016/888

Register of entities: Low volume financial markets (PDF 479 KB)

Operation of a low volume financial market for certain kinds of financial products. To be eligible for the exemption, an entity operating a low volume financial market must be included on the register for that market. See licensing relief for low volume financial markets.

Entities seeking to have their name included on the register should contact:

Manager Licensing
Registry Services & Licensing
Australian Securities & Investment Commission
PO Box 4000
Gippsland Mail Centre
Traralgon 3841
creditlicensing@asic.gov.au

 

What's new

Licensing relief for low volume financial markets

6 December 2016

We have published a new information sheet on licensing relief for low volume financial markets named on the register.

Read INFO 217

ASIC consults on repealing class order on FSG exemption for market-making services on a licensed market

5 December 2016

We have released a consultation paper proposing to repeal Class Order [CO 03/578] Financial Services Guide exemption for market-making services on a licensed market, which  is due to expire (‘sunset’) in 2017.

Read the media release

Morgans Financial licence conditions updated

24 November 2016

ASIC and Morgans Financial Limited have agreed for an independent compliance consultant to monitor, evaluate and report on Morgan’s implementation of recommendations arising from an independent review of its compliance measures.

Read the media release

ASIC consults on repealing ASIC class orders about holding client assets

23 November 2016 

We have released a consultation paper proposing to repeal three class orders on holding client assests which are due to expire ('sunset') in 2017.

Read the media release

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Last updated: 08/12/2016 04:38