Australian Market Licence - Australian Government

Description

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.

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:

  • 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
  • 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.

Duration

Please consult the Contact Officer for information on the duration of this licence.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application Sole Trader, Partnership, Company, Trust, Co-operative, Incorporated Association, Other

Please consult the Contact Officer for information on fees to be submitted.

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.

QLD Service Centre

Phone: 07 3867 4700
Fax: 07 3867 4725
Website: Australian Securities and Investments Commission (Opens in new window)

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

VIC Service Centre

Phone: 03 9280 3200
Fax: 03 9280 3444
Website: Australian Securities and Investments Commission (Opens in new window)

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

WA Service Centre

Phone: 08 9261 4000
Fax: 08 9261 4227
Website: Australian Securities and Investments Commission (Opens in new window)

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

NSW Service Centre

Phone: 02 9911 2000
Fax: 02 9911 2414
Website: Australian Securities and Investments Commission (Opens in new window)

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

SA Service Centre

Phone: 08 8202 8400
Fax: 08 8202 8410
Website: Australian Securities and Investments Commission (Opens in new window)

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

TAS Service Centre

Phone: 03 6235 6800
Fax: 03 6235 6811
Website: Australian Securities and Investments Commission (Opens in new window)

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

ACT Service Centre

Phone: 02 6250 3800
Fax: 02 6250 3811
Website: Australian Securities and Investments Commission (Opens in new window)

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

NT Service Centre

Phone: 08 8943 0900
Fax: 08 8943 0910
Website: Australian Securities and Investments Commission (Opens in new window)