AUSTRALIA: ASX Releases Consultation on Operating Rule Amendments

Thursday April 17 2025

On 15^th April 2025, the Australian Securities Exchange (ASX) released a consultation paper on proposed amendments to the ASX Settlement Operating Rules and Procedures which are intended to update the legal framework within which Depositary Nominee services are provided in respect of CHESS Depositary Interests (CDIs).

ASX proposes to expand CHESS Depositary Nominee Pty Limited’s (CDN) services as a Depositary Nominee under the ASX Settlement Operating Rules to issuers in all licensed markets who request the service. CDN would provide the Depositary Nominee services on terms that reflect the terms generally used by a commercial provider of similar services. The rule amendments are intended to update the legal framework. The amendments will apply in respect of existing CDIs on issue and new CDIs.

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