Released 1 October 2009. Comments closed 13 November 2009.

This consultation paper seeks the views of existing and potential operators of financial markets and CS facilities, and the users and potential users of these facilities, including investors in financial products that may be cleared and settled using CS facilities, on the proposals in this paper concerning clearing and settlement (CS) facility regulation.

We have prepared a draft regulatory guide that sets out our approach to making recommendations to the Minister about licensing or exempting CS facilities and regulating CS facility operators under Pt 7.3 of the Corporations Act 2001 (Corporations Act). The draft regulatory guide is attached.

This consultation paper identifies some specific issues about the draft regulatory guide on which we seek comments. We also invite you to comment on any other matters in the draft regulatory guide that are not specifically covered in this paper.

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