On 30 May the ASIC Corporations (Amendment) Instrument 2018/3 was registered.  According to the Explanatory Statement, the purpose of the amending instrument is to extend existing relief in a number of ASIC instruments to facilitate the quotation and trading of exchange traded funds (ETFs) on the market operated by Chi-X Australia Pty Ltd (Chi-X). The existing relief currently applies only to the market operated by ASX Limited (ASX), and the amending instruments seeks (among other things) to make the terminology “market neutral” to ensure that it applies effectively to both the ASX and Chi-X market.

The instrument amends ASIC Class Order [CO 10/288], ASIC Class Order [CO 13/655], ASIC Class Order [C0 13/721] and ASIC Class Order [C0 13/1200].