On Apr. 5, ASX issued notice of amendments in relation to procedures.
ASX issued notice to advise of amendments to Procedure 4800 - exchange for physical as well as amendments to Procedure 4820 - block trades of ASX 24 operating rules procedures, regarding exchange for physical and block trades respectively.
Amendments addressed key feedback provided by industry via a market consultation.
Follows ASX Nov. 2023 notified of updated modules on block trading, see #192058.
Revised Procedure 4800
Revised sentence in first paragraph to read: The transaction must meet the additional electronic registration reporting requirements prescribed for this scenario in the table of accepted physical commodities and instruments within Procedure 4800(2).
Includes amendments to paragraphs under heading bona fide physical transaction.
Most amendments in revised procedure are to replace word registration with reporting.
Includes additional notes in table in para 5 re exchange for physical reporting times.
Revised Procedure 4820
Most amendments are also to replace reference to the word registration with reporting.
Includes some amendments re reference to time i.e. AEST replaced with Sydney time.
Effectiveness
Both amended procedures will be effective from May 6, 2024.
