Market supervision moves to ASIC: What does it mean for brokers?

Speeches by ASIC Deputy Chairman, Belinda Gibson and Head of Market and Participant Supervision Division Greg Yanco, at the 2010 Annual Stockbrokers' Conference, 9 June 2010

ASIC will assume responsibility from ASX for the supervision of trading on Australia’s licensed equity, derivatives and futures markets at some point in Q3 this year.

Shortly after, we will commence a dialogue with the market about the rules to apply if the government were to license a third party to compete with ASX. The government is supportive of competition for market services and has approved – in principle – Chi-X as a suitable licensee.

Belinda's address considers the proposals from a broker's perspective and outlines what they will need to know and do to adapt to the change in supervision responsibility.

It outlines the progress towards the changeover, what the major differences will be from a structural point of view, and the process we propose to adopt moving towards a framework supportive of competition.

Greg talks about the practical implications of the change in market supervision responsibilities.

Read Belinda Gibson's speech (PDF 131 KB)

Read Greg Yanco's speech (PDF 117 KB)

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Last updated: 02/02/2015 05:17