ASX Clear has consulted on potential changes to the minimum core capital requirements for both direct and general clearing participants, with submissions due on 8 November 2013.  We will continue to monitor any potential changes to the minimum core capital requirements.

ASX Clear Pty Limited (ASX Clear) has released a Consultation Paper Consultation on Capital Requirements on the minimum core capital requirements for ASX Clear participants.

Specifically, the paper:

  • seeks feedback on whether or not the minimum core capital for direct clearing participants should remain at $5 million or be raised to $10 million (with ASX Clear recommending that it remain at $5 million); and
  • discusses the possibility of replacing the current minimum core capital of $20 million for general clearing participants with a tiered minimum core capital requirement that reflects the nature and number of clients for whom they provide clearing services (and is thus less of a barrier to entry).

Submissions were due by 8 November 2013.