You will require 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 constitute a financial market merely because it is 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.
Applicants intending to operate a financial market overseas may also be eligible for this licence.
Exemptions may apply, please consult the Contact Officer for more information.
A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.
To be eligible for this licence you must:
- Satisfy the Agency that you have adequate operating rules and procedures to ensure that the market is fair, orderly and transparent;
- Satisfy the Agency that you have adequate arrangements for operating the market according to the market's operating rules;
- Satisfy the Agency that you have adequate clearing and settlement arrangements for transactions effected through the market;
- State in your application whether any of the participants in the market will provide financial services for persons as retail clients and, if so, provide information in relation to the proposed compensation arrangements accompanied by a copy of the proposed compensation rules; and
- Provide all requested documentation and information.
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.
Please consult the Contact Officer for more information regarding eligibility requirements.
Please consult the Contact Officer for information on the duration of this licence.
Please consult the Contact Officer for information on fees to be submitted.
Australian Market Licence - Please consult the Contact Officer for information on forms to be submitted.
Australian Securities and Investments Commission
Corporations Act 2001 (Australian Government)
Corporations Regulations 2001 (Australian Government)
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