Notice

Amendments to ASX Settlement Operating Rules - Depositary Nominee services

What's this about:
  • ASX Market
  • Settlement
  • Operations
  • Rules
  • Compliance
  • Equities
  • Exchange Traded Products (ETP) & mFund
  • Amendments to ASX Settlement Operating Rules - Depositary Nominee services
Notice reference number: 0338.26.03
Date published: 27/03/26
Effective as of: 01/05/26
Last updated: 27/03/26

ASX Settlement Pty Limited (ASX Settlement) has formally lodged with ASIC amendments to the ASX Settlement Operating Rules (ASXSOR):

  • updating the legal framework within which Depositary Nominee services are provided in respect of CHESS Depositary Interests (CDIs) to include terms that reflect the terms generally used by a commercial provider of similar services;
  • improving existing provisions in the ASXSOR; and
  • making minor drafting improvements.

The amendments provide the ability for additional terms, referred to as “Nominee Terms”, to be specified on which a Depositary Nominee holds the Principal Financial Products (other than Government Bonds).  The Nominee Terms for a Depositary Nominee are specified in the ASXSOR Procedures (Procedures).

The amendments to update the legal framework are being implemented as part of the proposal to expand CHESS Depositary Nominees Pty Limited’s services as a Depositary Nominee under the ASXSOR to issuers in all licensed markets who request the service.

The rule amendments are supported by amendments to the Procedures.

Additional Information:

On 15 April 2025, ASX released a consultation paper titled ASX Settlement Operating Rule amendments - Depositary Nominee services in relation to proposed amendments to the ASX Settlement Operating Rules and Procedures. On 21 August 2025, ASX released its Response to consultation feedback received in relation to that consultation paper. 

What do I need to do by when?

CDI issuers, Approved Market Operators and Share Registries should familiarise themselves with these amendments and comply with the updated requirements. The amendments will apply in respect of existing CDIs on issue and new CDIs.

Effective date

The ASXSOR amendments are intended to become effective on 1 May 2026 (subject to regulatory clearance).

Need more information?

The marked-up changes to the ASXSOR and Procedures are attached to this notice for reference:

Issued by

Karen Webb
General Manager, Equities Post Trade
Securities & Payments

Contact information

Karen Webb & Schubert Gomes
issuers@asx.com.au

 
Disclaimer