business.gov.au

Australian Market Licence - Australian Government

Description

You will need this licence if you intend to operate one or more financial markets in Australia. A financial market is a facility which involves:

  • offers to acquire or dispose of financial products
  • buyers and sellers participating in the trade of assets such as equities, bonds, currencies and derivatives.

A facility will not be a financial market if it is only a step in a process that results in the eventual making or acceptance of offers or invitations.

One Australian market licence may authorise the licensee to operate two or more financial markets. A person / company holding a market licence may also provide financial services incidental to the operation of the market.

If you intend to operate a financial market overseas you may also be eligible for this licence.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this licence you must:

  • have adequate operating rules and procedures to ensure that the market is fair, orderly and transparent
  • have adequate arrangements for operating the market according to the market's operating rules
  • have adequate clearing and settlement arrangements for transactions effected through the market
  • if participants in the market will provide financial services for persons as retail clients, provide information in relation to the proposed compensation arrangements accompanied by a copy of the proposed compensation rules.

A person is only eligible to apply for an overseas market licence if they are authorised, in the country they intend to operate, for the same financial market that they propose to operate in Australia.

Duration

As specified

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All Please contact the agency for information regarding fees.

Forms

Act(s) name

Corporations Act 2001 Australian Government

Regulation(s) name

Corporations Regulations 2001 Australian Government

Application process

Lodge

Please lodge your completed application with supporting documentation with the agency.

Administering agency

Australian Securities and Investments Commission

Markets

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.