Notice

Consultation Paper – CHESS Replacement: Tranche 2 Rule Amendments

What's this about:
  • ASX Market
  • Trading
  • Clearing
  • Settlement
  • Rules
  • Cash
  • Debt Instruments
  • Equities
  • Exchange Traded Products (ETP) & mFund
Notice reference number: 0147.20.02
Date published: 21/02/20
Effective as of: 21/02/20
Last updated: 21/02/20

To facilitate the implementation of the new system that will replace CHESS, ASX needs to make amendments to the ASX Settlement Operating Rules, ASX Clear Operating Rules and ASX Enforcement and Appeals Rulebook.

ASX has today released a consultation paper on the second of three tranches of rule amendments required to support the operation of the new system. These relate to corporate actions, mFund and RTGS payment aspects for ‘Day 1’ implementation of CHESS replacement system functionality.  RTGS will support payments for corporate actions involving entitlement acceptances as well as payments for bilateral demand settlement instructions (addressed in the tranche 1 rule amendments).  

The consultation paper invites feedback from users and other stakeholders on the operation of the draft tranche 2 rule amendments, including any unintended consequences. Written submissions are requested by 3 April 2020. 

Need more information?

Further information on the replacement of CHESS is available at the ASX CHESS Replacement web page.

Issued by

Con Korkofigas
Senior Manager and Senior Legal Counsel

Contact information

Con Korkofigas
Senior Manager and Senior Legal Counsel
con.korkofigas@asx.com.au 

Rohan Cush
Senior Legal Counsel
rohan.cush@asx.com.au  

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