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Regulatory

ASIC clearing and settlements powers to curb ASX monopoly

In a bid to curb monopolistic practices, ASIC's new powers that mandate the ASX to be more transparent on its fees and services relating to clearing and settlements (CS) will kick in three months from now.

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Read more: Covered ServicesASIC CS Services RulesASX SettlementAustraclearJoe LongoReserve Bank of AustraliaTreasury