Media & Notices

Date	Title & Summary	Topic Area
20-Feb-2019	AFMA Electricity Derivatives Turnover Report 2017-2018 AFMA has released the AFMA Electricity Derivatives Turnover Report, which provides annual turnover data for the exchange and over-the-counter (OTC) electricity derivatives markets for 2017/2018 and earlier years	Other
18-Dec-2018	Swaps Reference Price Transaction Guidelines AFMA is publishing new guidelines on its website dealing with conduct of dealers when managing swaps reference price transactions in the Australian market	Other
26-Oct-2018	AFMA Commits to Working with Government on OECD Review into Offshore Banking Unit Regime AFMA Commits to Working with Government on OECD Review into Offshore Banking Unit Regime	Association
03-Sep-2018	AFMA Electricity Derivatives Turnover Report As a result of increased interest from regulatory bodies, market participants and other observers of the electricity derivative markets, AFMA has released a report on electricity derivative turnover.	Other
02-Jul-2018	AFS Licensee Notices on Research Independence for Issuers on an IPO AFMA is making available on its website for member use a one page notices document AFS Licensee Notices on Research Independence for Issuers on an IPO (Issuer Notices) to provide initial notices to issuers regarding research independence requirements set out in the Australian Securities and Investments Commission (ASIC) Regulatory Guide 264 (Sell Side Research) (RG 264).	Regulation
18-Apr-2018	Amendments to the NTI Conventions - Reporting of Stock Details In its role as administrator of the BBSW benchmark rate the ASX is preparing to transition the primary calculation of the rate from a national best bid and best offer (“NBBO”) methodology to that of a volume weighted average price (“VWAP”). In order for this to be effective a selling counterparty of prime bank paper will be required to report all secondary market trades that occur within the VWAP trade set window, but not through an approved trading venue, to a trade reporting agent	Other
19-Jan-2018	Launch of the Australian FX Global Code Register The Australian Financial Markets Association (AFMA) has launched a Public Register for Statements of Commitment to adhere to the FX Global Code (the Code) for use by participants in the Australian wholesale foreign exchange market. The Register was developed in collaboration with ACI Australia.	Association
01-Dec-2017	Introduction of the Rolling Maturity Pool to the NTI Conventions Market participants are advised that the NTI Conventions are being amended, effective 4 December 2017, to introduce the rolling maturity pool convention, which replaces the early and late bucket pooling convention.	Association
23-Nov-2017	AFMA releases 2017 Australian Financial Markets Report The Australian Financial Markets Association (AFMA) today released the 2017 Australian Financial Markets Report, its annual review of Australia’s over-the-counter and exchange-traded financial markets.	Association
20-Oct-2017	AFMA welcomes the appointment of James Shipton David Lynch, CEO of the Australian Financial Markets Association, welcomed today's announcement by the Minister for Revenue and Financial Services of the appointment of James Shipton as the next chairman of ASIC.	Other
24-Jul-2017	APRA CPS 226 Margining status renewal request Entities regulated by the Australian Prudential Regulation Authority (APRA, and such entities, APRA covered entities) are required to have in place margining practices in relation to non-centrally cleared derivatives. These requirements are contained in the Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226).	Regulation
25-May-2017	Global FX Code breaks new ground The Australian Financial Markets Association (AFMA) welcomes the launch of the FX Global Code for the wholesale foreign exchange (FX) market.	Other
15-May-2017	Debt Capital Market Issuance Disclosure Practice – Guidance on Price and Tenor Following consideration by the AFMA Credit Product Committee of market feedback on debt capital market issuance disclosure requirements, it has been resolved to recommend as good practice broad and consistent dissemination of price and tenor guidance.	Association
11-May-2017	Notice of Change to the Inflation Products Conventions Members are advised of the following change to the Inflation Products Conventions that the Inflation Products Committee has unanimously agreed to.	Association
10-May-2017	2017-18 Budget Media Release: Major Bank Levy a Poor Policy Precedent The Australian Financial Markets Association (AFMA) has expressed concern regarding the cornerstone budget announcement of the Government to impose a Major Bank Levy, with projected revenue over the forward estimates period of $6.2 billion. The announced levy applies to Australia’s five largest banks, with liabilities in excess of $100 billion	Other
09-Feb-2017	Professional standards framework for retail advisers AFMA congratulates the Government on the passage of legislation today to introduce the professional standards framework for advisers dealing with retail customers.	Other
01-Dec-2016	New Benchmark Administrator for BBSW The Australian Financial Markets Association (AFMA) has today announced that it will transfer administration of the BBSW benchmark rate to ASX. It is the intention of both parties that ASX will administer BBSW from 1 January 2017.	Other
30-Nov-2016	AFMA Appoints New Chairman The Board of the Australian Financial Markets Association (AFMA) has appointed as its Chairman John Knox, CEO, Credit Suisse Australia.	Association
28-Nov-2016	Evolution of the BBSW Methodology An update on Operational Developments to Facilitate Market Change	Other
30-Sep-2016	Annual AFMA Prime Bank Elections The Australian Financial Markets Association today concluded its 2016 Prime Bank Survey, and from this process the current Prime Banks were re-elected, there being no other nominating institutions	Association
28-Sep-2016	Notice of Change to the Electricity and Environmental Product Conventions Members are advised of the following changes to the Electricity and Environmental Product Conventions that their respective Markets Committees has unanimously agreed to and which have been ratified by the Market Governance Committee.	Association
06-Sep-2016	Notice of Change to the Interest Rate Derivatives Conventions Members are advised of the following changes to the Interest Rate Derivatives Conventions that the Swaps Committee has unanimously agreed to and which have been ratified by the Market Governance Committee.	Other
02-Sep-2016	Debt Capital Market Issuance Disclosure Practice Following consideration by the AFMA Credit Product Committee of market feedback on debt capital market issuance disclosure, it has been resolved to recommend as good practice broad and consistent dissemination of debt primary market issues in a standard format.	Other
25-Aug-2016	AFMA introduces an Algorithmic Fall-back to the BBSW Calculation Methodology As advised in the 19 July Market Notice 2016_5, AFMA is changing the calculation methodology for BBSW to place it on a sounder footing going forward. One component of the new methodology is the introduction of an algorithmic fall-back stage, which would come into operation in the event that the NBBO calculation process fails to compute a BBSW rate for all tenors. It is expected that the algorithmic fall-back would be rarely used in practice.	Other
22-Aug-2016	Cessation of Environmental Products Data Publication AFMA has made a decision to discontinue the provision of Environmental Products data product on 30 September.	Other
09-Aug-2016	AFMA welcomes ASIC Reports 486, 487 AFMA welcomes the release today of Reports 486 and 487 by ASIC in relation to sell-side research and corporate advisory confidential information and conflicts, and a review of the cleanliness of the Australian equity market, respectively.	Other
22-Jul-2016	AFMA Commences BBSW Externalisation Process AFMA has previously advised the market that it intends to step away from its function as administrator of the Bank Bill Swap (BBSW) Benchmark Rate and will transfer responsibilities to an appropriately qualified entity. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.	Association
19-Jul-2016	Evolution of the BBSW Methodology The Council of Financial Regulators, in its February Discussion Paper Evolution of the BBSW Methodology, asked AFMA to finalise a set of amendments to the BBSW methodology by end-June 2016. AFMA has concluded this process and has settled the changes to the future methodology	Other
08-Jul-2016	AFMA Carbon Addendum CRP methodology resolved AFMA’s Electricity Committee has selected a proposed methodology for the CRP, after consideration of the feedback from a general market consultation process that occurred in March/April	Other
11-May-2016	AFMA to Refocus its Support for Financial Benchmarks AFMA has determined that benchmark administration has now evolved to a point where it is appropriate for it as an industry body to step away from the function of being a benchmark administrator. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.	Association
06-May-2016	Budget to Support Jobs and Growth: AFMA The Australian Financial Markets Association has welcomed the focus in the 2016/17 Budget on promoting growth in the Australian economy. The Government has laid out a cohesive narrative to support the transition of the Australian economy into one that promotes Australia’s competitiveness in the region and enhances Australia’s financial services export capability.	Other
02-May-2016	Attorney General’s Report Strengthens Australia’s AML/CTF Framework The Australian Financial Markets Association has welcomed the Attorney-General’s Department Report into Australia’s AML/CTF Regime (the Report), released on 29 April 2016	Other
20-Apr-2016	Government measures announced today to strengthen ASIC The Australian Financial Markets Association (AFMA) believes that ASIC should be properly funded to meet its responsibilities and that participants in the financial services sector should be prepared to provide a proportionate amount of ASIC’s funding through cost recovery. While incentives in the regulatory system would work better under a mixed funding model, AFMA understands the Government’s fiscal challenges and its decision to adopt a ‘user pays’ industry funding model for ASIC.	Other
15-Apr-2016	Notice of change to the Cash Market Conventions Cash Conventions changes specific to ESA holder banks	Other
30-Mar-2016	AFMA responds to announcement on competition in cash equities clearing The Australian Financial Markets Association (AFMA) welcomes the announcement today by the Treasurer, Scott Morrison, on competition in cash equities clearing.	Regulation
23-Mar-2016	Proposed change to Cash Market Conventions The AFMA Cash Committee has endorsed the Reserve Bank’s proposal to adopt a new data collection methodology to be applied to the calculation of the Interbank Overnight Cash Rate (IBOC), which is the Reserve Bank Board's operational target for the implementation of monetary policy. The new methodology would eliminate the need for data submissions by banks and rely instead on data extracted from RITS, however implementation is conditional upon the adoption of the proposed amendments to the market conventions governing market practice specific to all IBOC cash transactions between bank Exchange Settlement Account holders.	Other
10-Feb-2016	Council of Financial Regulators’ Discussion Paper on BBSW AFMA considers today’s release of the Council of Financial Regulators’ Discussion Paper on BBSW methodology a useful progression in the industry’s dialogue in relation to benchmark design	Other
01-Feb-2016	Healthy finance sector key to Australia’s productivity: AFMA The finance sector is critical to Australia’s future economic growth, according to a report released today from the Australian Financial Markets Association (AFMA).	Other
09-Jan-2016	Financial Sector Growth, Capital Formation and Productivity The financial and insurance services sector is the largest of the 12 industries that make up the market sector of the Australian economy, with a 9.9% share of output compared to the next largest sector mining with a 9.8% share. Productivity growth in the financial and insurance sector has outperformed productivity growth in the market sector as a whole on average over the 24 years to 2013-14. The financial sector contributes directly to productivity growth through its share of the economy, but also indirectly through its role in determining the quantity and quality of investment. The financial sector mobilises saving, while financial markets allocate that saving to its most productive uses in the form of investment. The efficiency of this capital formation process is an important driver of productivity growth, which is the main long-run driver of national income per capita.	Other
14-Dec-2015	Overnight Index Swap (OIS) settlement – clarification Further to Market Notice 6-2015 sent on 4 December 2015, for the purposes of clarity, the new convention of T+2 relates only to the settlement date of the payment of cash under the swap after maturity. The start date for the calculation of the cash flows is unaffected.	Other
14-Dec-2015	Reciprocal Purchase Agreements (Repo) Conventions Amendment AFMA’s Repo Committee has approved an increase in the minimum cash value per line of bonds or securities delivered under General Collateral (GC) transactions, from $20 million to $50 million.	Other
04-Dec-2015	Overnight Index Swap (OIS) settlement to move to T+2 from 1st January 2016 The AFMA Swaps Committee approved a change in settlement for Overnight Index Swaps from T+1 to T+2 at their most recent meeting on 10 November 2015. This change was subsequently ratified by the Market Governance Committee on 25th November 2015. To enable market participants to operationally prepare for the change, the Swaps Committee agreed to have an effective date of the convention change of 1st January 2016.	Other
04-Dec-2015	Interest Rate Derivative Conventions Changes AFMA’s Swaps Committee has approved the following changes to the Interest Rate Derivative Conventions on 10 November 2015	Other
23-Oct-2015	AFMA Statement regarding Council of Financial Regulators Consultation Paper on BBSW AFMA has an ongoing, mutually beneficial dialogue with the financial regulators in relation to benchmark matters and we have engaged with them on the consultation paper prior to its release. The RBA participates as an observer on the AFMA committees that deal with benchmark matters. We agree with the Council of Financial Regulators’ assessment that the market has changed and volumes are low at the time of day BBSW is set, with significantly larger volumes traded outside of this period. It is this issue, rather than the specific calculation methodology, that the Council is looking to address.	Regulation
20-Oct-2015	AFMA responds to outcomes of the Financial System Inquiry The Australian Financial Markets Association (AFMA) has welcomed the commitment by the Government to maintain an efficient and resilient financial system in its response to the Murray Financial System Inquiry Report.	Other
06-Oct-2015	AFMA releases 2015 Financial Markets Report The Australian Financial Markets Association (AFMA) today released its 2015 Australian Financial Markets Report, an authoritative survey of Australia’s over-the-counter and exchange-traded financial markets.	Other
30-Sep-2015	Annual AFMA Prime Bank Elections The Australian Financial Markets Association today concluded its 2015 Prime Bank Survey, and from this process the current Prime Banks were re-elected, there being no other nominating institutions.	Other
22-Sep-2015	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum Further to AFMA Market Notice 4-2014 on 24 July 2014, and for the purposes of clarity, the “carbon reference price” for the purposes of the AFMA Australian Carbon Benchmark Addendum continues to be $0/tonne of CO2-e (exclusive of GST).	Regulation
21-Sep-2015	AFMA Responds to New Cabinet The Australian Financial Markets Association (AFMA) has welcomed the new Ministry and its emphasis on building an innovative, productive and competitive economy. CEO David Lynch said the industry body was particularly looking forward to working with the newly appointed Treasury Ministers on the range of policies required to achieve these objectives.	Regulation
28-Aug-2015	AFMA Reaction to Proposed ASIC Funding Model The Australian Financial Markets Association (AFMA) believes that ASIC should be properly funded to meet its responsibilities and participants in the financial services sector should be prepared to provide a proportionate amount of ASIC’s funding through cost recovery charges.	Regulation
19-Aug-2015	AFMA announces move to T+2 for Australian Fixed Income The Australian Financial Markets Association (AFMA) has announced that Australia will move to T+2 settlement for fixed income products on March 7th, 2016.	Other
14-Aug-2015	AFMA survey on Complementary Financial Benchmarks AFMA is working with member firms and the Australian regulatory authorities to develop a robust, near-risk-free benchmark interest rate for the Australian market. The indications are that a near-risk-free benchmark will, for certain applications, hold attraction to users of existing interest rate benchmarks. That said, the new benchmark is being designed to complement the existing Bank Bill Swap (BBSW) rate, which has a vital ongoing role as a benchmark in the financial system.	Other
17-Jul-2015	AFMA appoints new Chair The Board of the Australian Financial Markets Association (AFMA) has elected Steve Harker, Managing Director and Chief Executive Officer of Morgan Stanley Australia, as its new Chair.	Association
08-Jul-2015	AFMA supports ASIC recommendations on administration of financial benchmarks AFMA supports ASIC recommendations on administration of financial benchmarks. In particular, AFMA endorses the recommendation that administrators of systemically-important benchmarks administered in Australia adopt and implement the IOSCO Principles.	Regulation
11-Jun-2015	Industry Associations Call For Global Data Reporting Harmonisation AFMA with a group of 10 other industry Associations around the globe wrote on 15 June 2015 a letter to international financial sector authorities and local regulators, including ASIC and the RBA, concerning the need for improved consistency in data reporting requirements. This is an issue which AFMA has long championed both locally and internationally.	Other
04-Jun-2015	AFMA calls for tax changes to support Australian markets The Australian Financial Markets Association (AFMA) has called for a number of changes to the Australian taxation system to remove barriers to Australia’s competitiveness.	Taxation
27-May-2015	OBU Reforms Enhance Australia as a Financial Centre The Australian Financial Markets Association (AFMA) has welcomed today’s introduction into Parliament of reforms to Australia’s Offshore Banking Unit (OBU) regime. The OBU regime is a key pillar of Australia’s push to export financial services and allows financial institutions in Australia to compete for internationally mobile financial business with regional financial centres, like Singapore and Hong Kong, which brings income and employment to Australia.	Regulation
16-Mar-2015	Complementary Benchmark to BBSW Envisaged The Australian Financial Markets Association (AFMA) is working with the regulatory authorities to develop a robust risk-free benchmark interest rate for the Australian market.	Other
08-Dec-2014	Financial System Inquiry's Final Report The release of the Financial System Inquiry’s final report is a major step in the Government’s process to develop the Australian financial system in a way that best meets the evolving needs of Australian businesses, households and government. AFMA agrees with the Report’s assertion that there is not a strong case to change Australia’s institutional arrangements for making and implementing financial stability policy.	Regulation
27-Nov-2014	AFMA welcomes sensible solution on FOFA regulations The Australian Financial Markets Association (AFMA) welcomes the announcement by Senator Cormann that the Government has agreed with the Opposition that a revised regulation to progress the broadly supported elements of the disallowed Future of Financial Advice (FOFA) Regulations will be re-made by the Government before the end of this year.	Regulation
08-Oct-2014	2014 Australian Financial Markets Report Financial markets volumes continue to tread water with mixed outcomes across individual markets, according to data published by the Australian Financial Markets Association (AFMA) in its 2014 Australian Financial Markets Report (the Report) released this evening. Data in the Report confirms the ongoing importance of efficient and healthy financial markets to the national economy.	Other
30-Sep-2014	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2014 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
24-Jul-2014	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum On the 17th July 2014, the Parliament of Australia repealed the Clean Energy Act with retrospective effect to 1 July 2014. Consequently, and for the purposes of clarity, the “carbon reference price” for the purposes of the Addendum is $0/tonne of CO2‐e (exclusive of GST) with respect to each Calculation Period commencing at or after 12:00am (AET) on 1 July 2014.	Regulation
01-Jul-2014	Bank Bill Swap (BBSW) Benchmark Rate Conventions The amended Bank Bill Swap (BBSW) Benchmark Rate Conventions as communicated in Market Notice 1-2014 have now been implemented.	Other
27-Jun-2014	ATO Administrative Solution - LIBOR Cap for AUD Borrowings An issue has arisen as to the appropriate operation of the LIBOR Cap, as contained in Section 160ZZA of the ITAA 1936 to AUD notional borrowings by a foreign bank following the cessation of AUD LIBOR on 31 May 2013. AFMA and the ATO have agreed an Administrative Solution whereby that provides a safe harbour for taxpayers that apply the proxy rate (determined with reference to BBSW plus an appropriate margin).	Taxation
24-Jun-2014	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum The AFMA Electricity Committee has made a determination with respect to the calculation of the Carbon Reference Price (CRP) for the financial year 2014/2015.	Regulation
20-Jun-2014	Government announcement about FOFA clarifications The Australian Financial Markets Association has welcomed the Government's announcement today about clarifications to the FOFA regime as the next step in finalising what has been an extensive consultation and revision process.	Regulation
02-Jun-2014	BBSW Convention Amendment The BBSW Conventions have been amended and are pending implementation. The amendments have been designed to improve a number of operational procedures whilst not altering the fundamental characteristics of the BBSW rate. All stakeholders, including subscribers, have an opportunity to provide feedback to AFMA during a 2 week consultation period commencing Monday 2 June 2014 and closing 5:00pm Friday 13 June 2014.	Other
14-May-2014	AUSTRAC Levy Change will Increase Regulatory Burden for Business The Australian Financial Markets Association (AFMA) believes that the priority the Government is giving to returning the Federal Budget to surplus over time is appropriate. The budgetary strategy complements the Government’s deregulation initiatives to promote economic growth. However, AFMA is concerned about the announcement in the Budget last night of a significant rise in the AUSTRAC levy, which will increase the cost of regulation for business. This comes on top of large compliance costs associated with major financial regulatory reforms in recent years.	Regulation
31-Mar-2014	AFMA's Financial System Inquiry Submission The Australian Financial Markets Association (AFMA) has today made a submission to the Financial System Inquiry being chaired by Mr David Murray AO. The forward looking nature of the Inquiry gives it an important role in helping to shape the financial system so it most effectively supports the future development of the Australian economy.	Regulation
25-Feb-2014	ASX Consultation on the Introduction of T+2 Settlement for Cash Equities The Australian Financial Markets Association (AFMA) welcomes the release today by the Australian Securities Exchange (ASX) of its Consultation Paper on the Introduction of T+2 Settlement for cash equities.	Other
20-Dec-2013	AFMA welcomes measured approach to FOFA changes The Australian Financial Markets Association (AFMA) has welcomed the Government's announcement today of a number of amendments to the Future of Financial Advice (FOFA) provisions in the Corporations Act, which are aimed at reducing compliance cost for business, advisers and consumers who access financial advice.	Regulation
20-Dec-2013	AFMA surveys benchmark rate users The Australian Financial Markets Association (AFMA) conducted a survey to better understand the needs of reference rate users. The survey sought to understand the demand for interest rate benchmarks in general and the current usage of the Bank Bill Swap (BBSW) benchmark rate more specifically.	Other
14-Dec-2013	Government Announcement on Backlog of Tax Measures The Australian Financial Markets Association (AFMA) today welcomed the confirmation by the Assistant Treasurer, Senator the Hon Arthur Sinodinos AO, that the Government will proceed with tax law amendments to confirm the existing practice in relation to instalment warrants and, thus, remove a potential tax uncertainty for investors.	Taxation
21-Nov-2013	Financial System Inquiry The Australian Financial Markets Association (AFMA) believes the Financial System Inquiry is well-timed, as we need to check the capacity of the financial system to meet the needs of businesses and households in a time of significant change.	Regulation
14-Nov-2013	Initiatives for Attracting Women into Banking and Finance The Australian Financial Markets Association (AFMA) and Women in Banking and Finance (WiBF) have today jointly released a set of initiatives that aim to attract more women into graduate positions in the banking and finance industry. More information about the initiatives can be accessed here.	Other
06-Nov-2013	Support for the Government Tackling the Tax Backlog The Australian Financial Markets Association (AFMA) is encouraged by the Government's commitment today to reduce uncertainty for business by tackling the backlog of announced but unlegislated tax measures.	Taxation
30-Oct-2013	Markets Central to the Financial System Inquiry The Financial System Inquiry is well-timed as we need to check the capacity of the financial system to meet the needs of businesses and households in a time of significant change. The inquiry needs to be forward looking by anticipating the financial services required to support our economy and by identifying the features of a financial system that will meet these needs in the most effective and lowest cost way. A broad-based inquiry that encompasses all facets of the financial system including institutions, markets and infrastructure is the only way to achieve this.	Regulation
10-Oct-2013	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum On 15 February 2012 the AFMA Electricity Committee passed an AFMA Resolution (as defined in the Addendum) determining that the 'carbon reference price' for the purposes of the Addendum was $23/tonne of CO2-e (exclusive of GST) for the 2012/2013 financial year. On 4 July 2013 the AFMA Electricity Committee passed an AFMA Resolution (as defined in the Addendum) determining that the 'carbon reference price' for the purposes of the Addendum was $24.15/tonne of CO2-e (exclusive of GST) for the 2013/2014 financial year.	Other
09-Oct-2013	Steady Growth in Financial Markets in 2012-13 The 2013 Australian Financial Markets Report released today shows Australia's financial markets continued to grow steadily during 2012-13, contributing to Australia's economy through increased funding for Australian companies and infrastructure and supporting future growth.	Other
04-Oct-2013	Yieldbroker to participate in BBSW rate set process Commencing 18 October 2013, and subject to successful testing, Yieldbroker Pty Ltd will participate in the BBSW benchmark rate set process as an Approved Venue, having met all relevant criteria and approved by the Market Governance Committee.	Rates
30-Sep-2013	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2013 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
30-Sep-2013	Deferral Places OBU Regime on a Better Competitive Footing The Australian Financial Markets Association (AFMA) welcomes the announcement by the Assistant Treasurer, Senator Arthur Sinodinos, yesterday that the Government will not proceed with the start date of 1 October 2013 for the changes to the Offshore Banking Unit (OBU) regime originally announced in the 2013-14 Budget.	Taxation
27-Sep-2013	AFMA Adopts NBBO Calculation Methodology for BBSW Benchmark Rates The Australian Financial Markets Association (AFMA) today migrated to NBBO calculation methodology for BBSW benchmark rates.	Rates
28-Jun-2013	AFMA Supports Consultation on OBU Changes The Australian Financial Markets Association (AFMA) has welcomed the announcement by the Assistant Treasurer today that the Government will defer the implementation of proposed changes to the Offshore Banking Unit (OBU) regime until1 October 2013, together with the release of Treasury's Discussion Paper entitled "Improving the Offshore Banking Unit Regime."	Regulation
28-Jun-2013	Dividend Washing Amendment Ticks the Box The Australian Financial Markets Association (AFMA) today welcomed the announcement by the Assistant Treasurer that the Government would amend the "qualified person" rules to address integrity concerns associated with dividend washing.	Taxation
15-May-2013	Federal Budget - Careful Implementation and Engagement Required The Australian Financial Markets Association (AFMA) expressed caution about a number of measures announced in the 2013-14 Federal Budget.	Taxation
27-Mar-2013	BBSW Update - Proposed operational changes to BBSW	Rates
18-Mar-2013	ASIC HFT and Dark Liquidity Taskforces' Report AFMA welcomes ASIC's evidence-driven approach to its review of these areas of market activity. The report highlights that the benefits from market innovation are real and illustrates the importance of regulation that promotes development, while preserving a market that is orderly and fair to its users.	Regulation
11-Feb-2013	Council of Financial Regulators Report on Competition and Clearing AFMA welcomes the release of the report of the Council of Financial Regulators on competition in clearing Australian cash equities.	Regulation
11-Jan-2013	Encouragement for Retail Corporate Bonds Treasurer Wayne Swan has today released proposed amendments to the prospectus disclosure and director liability regimes under the Corporations Act that are designed to encourage greater issuance of corporate bonds to the retail sector by Australian companies.	Regulation
21-Dec-2012	AFMA Says Board of Taxation Should Call Time on LIBOR Cap AFMA's submission to the Board of Taxation's review of tax arrangements applying to permanent establishments has called for the Board to recommend the immediate abolition of the 'LIBOR cap'.	Taxation
27-Nov-2012	AFMA Welcomes Release of Brokerage and Stamping Fees Regulations Regulations have been released as part of the Future of Financial Advice (FOFA) reforms that exempt brokerage paid to representatives, and stamping fees connected to capital raisings, from the conflicted remuneration ban under FOFA.	Regulation
20-Nov-2012	New Market Integrity Rules on High Frequency Trading and Dark Pools The market integrity rules announced today by the Minister for Financial Services and Superannuation, Bill Shorten, are a significant set of measures in response to the technological evolution of the markets.	Regulation
04-Oct-2012	Australia's Financial Markets Stable Despite Global Turbulence The 2012 Australian Financial Markets Report released today shows Australia's financial markets largely held their ground and continued to serve the needs of the domestic economy well, despite ongoing periods of turbulence in major international markets.	Other
28-Sep-2012	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2012 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
29-Aug-2012	Financial Markets Welcome Carbon Price Floor Removal The Australian Financial Markets Association (AFMA) welcomes the changes to the design of the Australian emissions trading scheme announced yesterday by the Australian Minister for Climate Change and Energy Efficiency, the Hon Greg Combet MP.	Other
20-Aug-2012	AFMA and RVS Achieve Key Milestone with End of Day Price Validation Service AFMA and RVS enter into license agreement to establish AFMA RAVA. Rate Validation Services (RVS) today announced plans to launch a new rate validation service to the Australian banking industry with assistance from the Australian Financial Markets Association (AFMA). The agreement marks an important milestone for Rate Validation Services in their two-year development of an innovative price validation service covering every financial markets instrument in the Australian market place.	Other
13-Aug-2012	ASIC Automated Trading Consultation ASIC has today released Consultation paper 184 which deals with automated trading.	Regulation
28-Jun-2012	ASIC Market Structure Reforms With today's release of its draft Market Integrity Rules ASIC has confirmed that it has been responsive to industry concerns raised in relation to its wide ranging consultation on equity market reform.	Regulation

Date	Title & Summary	Topic Area
08-Oct-2014	2014 Australian Financial Markets Report Financial markets volumes continue to tread water with mixed outcomes across individual markets, according to data published by the Australian Financial Markets Association (AFMA) in its 2014 Australian Financial Markets Report (the Report) released this evening. Data in the Report confirms the ongoing importance of efficient and healthy financial markets to the national economy.	Other
10-May-2017	2017-18 Budget Media Release: Major Bank Levy a Poor Policy Precedent The Australian Financial Markets Association (AFMA) has expressed concern regarding the cornerstone budget announcement of the Government to impose a Major Bank Levy, with projected revenue over the forward estimates period of $6.2 billion. The announced levy applies to Australia’s five largest banks, with liabilities in excess of $100 billion	Other
13-Dec-2011	A Positive Step to Develop the Retail Bond Market	Other
25-May-2012	Abolition of the LIBOR Cap and Better Branch Tax Rules a Step Nearer AFMA Welcomes the decision by the Assistant Treasurer to ask the Board of Taxation to examine the continued appropriateness of the LIBOR cap and the suitability of any other such tax benchmark for internal funding by foreign bank branches operating in the Australian market.	Other
27-Sep-2013	AFMA Adopts NBBO Calculation Methodology for BBSW Benchmark Rates The Australian Financial Markets Association (AFMA) today migrated to NBBO calculation methodology for BBSW benchmark rates.	Rates
20-Aug-2012	AFMA and RVS Achieve Key Milestone with End of Day Price Validation Service AFMA and RVS enter into license agreement to establish AFMA RAVA. Rate Validation Services (RVS) today announced plans to launch a new rate validation service to the Australian banking industry with assistance from the Australian Financial Markets Association (AFMA). The agreement marks an important milestone for Rate Validation Services in their two-year development of an innovative price validation service covering every financial markets instrument in the Australian market place.	Other
19-Aug-2015	AFMA announces move to T+2 for Australian Fixed Income The Australian Financial Markets Association (AFMA) has announced that Australia will move to T+2 settlement for fixed income products on March 7th, 2016.	Other
17-Jul-2015	AFMA appoints new Chair The Board of the Australian Financial Markets Association (AFMA) has elected Steve Harker, Managing Director and Chief Executive Officer of Morgan Stanley Australia, as its new Chair.	Association
30-Nov-2016	AFMA Appoints New Chairman The Board of the Australian Financial Markets Association (AFMA) has appointed as its Chairman John Knox, CEO, Credit Suisse Australia.	Association
27-Nov-2009	AFMA appoints new chairman and deputy	Association
04-Jun-2015	AFMA calls for tax changes to support Australian markets The Australian Financial Markets Association (AFMA) has called for a number of changes to the Australian taxation system to remove barriers to Australia’s competitiveness.	Taxation
08-Jul-2016	AFMA Carbon Addendum CRP methodology resolved AFMA’s Electricity Committee has selected a proposed methodology for the CRP, after consideration of the feedback from a general market consultation process that occurred in March/April	Other
11-Nov-2011	AFMA Carbon Benchmark Addendum	Other
22-Jul-2016	AFMA Commences BBSW Externalisation Process AFMA has previously advised the market that it intends to step away from its function as administrator of the Bank Bill Swap (BBSW) Benchmark Rate and will transfer responsibilities to an appropriately qualified entity. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.	Association
26-Oct-2018	AFMA Commits to Working with Government on OECD Review into Offshore Banking Unit Regime AFMA Commits to Working with Government on OECD Review into Offshore Banking Unit Regime	Association
03-Sep-2018	AFMA Electricity Derivatives Turnover Report As a result of increased interest from regulatory bodies, market participants and other observers of the electricity derivative markets, AFMA has released a report on electricity derivative turnover.	Other
20-Feb-2019	AFMA Electricity Derivatives Turnover Report 2017-2018 AFMA has released the AFMA Electricity Derivatives Turnover Report, which provides annual turnover data for the exchange and over-the-counter (OTC) electricity derivatives markets for 2017/2018 and earlier years	Other
25-Aug-2016	AFMA introduces an Algorithmic Fall-back to the BBSW Calculation Methodology As advised in the 19 July Market Notice 2016_5, AFMA is changing the calculation methodology for BBSW to place it on a sounder footing going forward. One component of the new methodology is the introduction of an algorithmic fall-back stage, which would come into operation in the event that the NBBO calculation process fails to compute a BBSW rate for all tenors. It is expected that the algorithmic fall-back would be rarely used in practice.	Other
02-Dec-2011	AFMA Prime Bank List Affirmed	Other
30-Nov-2011	AFMA Prime Bank List Amended	Other
26-Sep-2011	AFMA Prime Banks Re-confirmed	Other
29-Sep-2010	AFMA Prime Banks Re-confirmed	Association
28-Sep-2012	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2012 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
30-Sep-2013	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2013 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
30-Sep-2014	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2014 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
28-Aug-2015	AFMA Reaction to Proposed ASIC Funding Model The Australian Financial Markets Association (AFMA) believes that ASIC should be properly funded to meet its responsibilities and participants in the financial services sector should be prepared to provide a proportionate amount of ASIC’s funding through cost recovery charges.	Regulation
06-Oct-2015	AFMA releases 2015 Financial Markets Report The Australian Financial Markets Association (AFMA) today released its 2015 Australian Financial Markets Report, an authoritative survey of Australia’s over-the-counter and exchange-traded financial markets.	Other
23-Nov-2017	AFMA releases 2017 Australian Financial Markets Report The Australian Financial Markets Association (AFMA) today released the 2017 Australian Financial Markets Report, its annual review of Australia’s over-the-counter and exchange-traded financial markets.	Association
30-Mar-2016	AFMA responds to announcement on competition in cash equities clearing The Australian Financial Markets Association (AFMA) welcomes the announcement today by the Treasurer, Scott Morrison, on competition in cash equities clearing.	Regulation
21-Sep-2015	AFMA Responds to New Cabinet The Australian Financial Markets Association (AFMA) has welcomed the new Ministry and its emphasis on building an innovative, productive and competitive economy. CEO David Lynch said the industry body was particularly looking forward to working with the newly appointed Treasury Ministers on the range of policies required to achieve these objectives.	Regulation
20-Oct-2015	AFMA responds to outcomes of the Financial System Inquiry The Australian Financial Markets Association (AFMA) has welcomed the commitment by the Government to maintain an efficient and resilient financial system in its response to the Murray Financial System Inquiry Report.	Other
21-Dec-2012	AFMA Says Board of Taxation Should Call Time on LIBOR Cap AFMA's submission to the Board of Taxation's review of tax arrangements applying to permanent establishments has called for the Board to recommend the immediate abolition of the 'LIBOR cap'.	Taxation
18-Mar-2010	AFMA spreads the word on reducing offshore tax risks	Taxation
23-Oct-2015	AFMA Statement regarding Council of Financial Regulators Consultation Paper on BBSW AFMA has an ongoing, mutually beneficial dialogue with the financial regulators in relation to benchmark matters and we have engaged with them on the consultation paper prior to its release. The RBA participates as an observer on the AFMA committees that deal with benchmark matters. We agree with the Council of Financial Regulators’ assessment that the market has changed and volumes are low at the time of day BBSW is set, with significantly larger volumes traded outside of this period. It is this issue, rather than the specific calculation methodology, that the Council is looking to address.	Regulation
08-Jul-2015	AFMA supports ASIC recommendations on administration of financial benchmarks AFMA supports ASIC recommendations on administration of financial benchmarks. In particular, AFMA endorses the recommendation that administrators of systemically-important benchmarks administered in Australia adopt and implement the IOSCO Principles.	Regulation
28-Jun-2013	AFMA Supports Consultation on OBU Changes The Australian Financial Markets Association (AFMA) has welcomed the announcement by the Assistant Treasurer today that the Government will defer the implementation of proposed changes to the Offshore Banking Unit (OBU) regime until1 October 2013, together with the release of Treasury's Discussion Paper entitled "Improving the Offshore Banking Unit Regime."	Regulation
06-Oct-2011	AFMA Supports Tax System Improvements	Taxation
14-Aug-2015	AFMA survey on Complementary Financial Benchmarks AFMA is working with member firms and the Australian regulatory authorities to develop a robust, near-risk-free benchmark interest rate for the Australian market. The indications are that a near-risk-free benchmark will, for certain applications, hold attraction to users of existing interest rate benchmarks. That said, the new benchmark is being designed to complement the existing Bank Bill Swap (BBSW) rate, which has a vital ongoing role as a benchmark in the financial system.	Other
20-Dec-2013	AFMA surveys benchmark rate users The Australian Financial Markets Association (AFMA) conducted a survey to better understand the needs of reference rate users. The survey sought to understand the demand for interest rate benchmarks in general and the current usage of the Bank Bill Swap (BBSW) benchmark rate more specifically.	Other
11-May-2016	AFMA to Refocus its Support for Financial Benchmarks AFMA has determined that benchmark administration has now evolved to a point where it is appropriate for it as an industry body to step away from the function of being a benchmark administrator. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.	Association
12-Jul-2010	AFMA to work with ASIC to strengthen CFD sector	Regulation
09-Aug-2016	AFMA welcomes ASIC Reports 486, 487 AFMA welcomes the release today of Reports 486 and 487 by ASIC in relation to sell-side research and corporate advisory confidential information and conflicts, and a review of the cleanliness of the Australian equity market, respectively.	Other
03-Mar-2011	AFMA welcomes ASIC's approach to market reform	Regulation
29-Apr-2011	AFMA Welcomes Competition Milestone	Other
04-May-2011	AFMA Welcomes Licence Grant	Other
20-Dec-2013	AFMA welcomes measured approach to FOFA changes The Australian Financial Markets Association (AFMA) has welcomed the Government's announcement today of a number of amendments to the Future of Financial Advice (FOFA) provisions in the Corporations Act, which are aimed at reducing compliance cost for business, advisers and consumers who access financial advice.	Regulation
27-Nov-2012	AFMA Welcomes Release of Brokerage and Stamping Fees Regulations Regulations have been released as part of the Future of Financial Advice (FOFA) reforms that exempt brokerage paid to representatives, and stamping fees connected to capital raisings, from the conflicted remuneration ban under FOFA.	Regulation
27-Nov-2014	AFMA welcomes sensible solution on FOFA regulations The Australian Financial Markets Association (AFMA) welcomes the announcement by Senator Cormann that the Government has agreed with the Opposition that a revised regulation to progress the broadly supported elements of the disallowed Future of Financial Advice (FOFA) Regulations will be re-made by the Government before the end of this year.	Regulation
20-Oct-2017	AFMA welcomes the appointment of James Shipton David Lynch, CEO of the Australian Financial Markets Association, welcomed today's announcement by the Minister for Revenue and Financial Services of the appointment of James Shipton as the next chairman of ASIC.	Other
31-Mar-2014	AFMA's Financial System Inquiry Submission The Australian Financial Markets Association (AFMA) has today made a submission to the Financial System Inquiry being chaired by Mr David Murray AO. The forward looking nature of the Inquiry gives it an important role in helping to shape the financial system so it most effectively supports the future development of the Australian economy.	Regulation
02-Jul-2018	AFS Licensee Notices on Research Independence for Issuers on an IPO AFMA is making available on its website for member use a one page notices document AFS Licensee Notices on Research Independence for Issuers on an IPO (Issuer Notices) to provide initial notices to issuers regarding research independence requirements set out in the Australian Securities and Investments Commission (ASIC) Regulatory Guide 264 (Sell Side Research) (RG 264).	Regulation
24-Feb-2012	Amendment to AFMA Prime Bank List The Australian Financial Markets Association (AFMA) has been advised by BNP Paribas Australia that it requests to be removed from the AFMA list of Prime Banks.	Other
18-Apr-2018	Amendments to the NTI Conventions - Reporting of Stock Details In its role as administrator of the BBSW benchmark rate the ASX is preparing to transition the primary calculation of the rate from a national best bid and best offer (“NBBO”) methodology to that of a volume weighted average price (“VWAP”). In order for this to be effective a selling counterparty of prime bank paper will be required to report all secondary market trades that occur within the VWAP trade set window, but not through an approved trading venue, to a trade reporting agent	Other
30-Sep-2016	Annual AFMA Prime Bank Elections The Australian Financial Markets Association today concluded its 2016 Prime Bank Survey, and from this process the current Prime Banks were re-elected, there being no other nominating institutions	Association
30-Sep-2015	Annual AFMA Prime Bank Elections The Australian Financial Markets Association today concluded its 2015 Prime Bank Survey, and from this process the current Prime Banks were re-elected, there being no other nominating institutions.	Other
24-Jul-2017	APRA CPS 226 Margining status renewal request Entities regulated by the Australian Prudential Regulation Authority (APRA, and such entities, APRA covered entities) are required to have in place margining practices in relation to non-centrally cleared derivatives. These requirements are contained in the Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226).	Regulation
13-Aug-2012	ASIC Automated Trading Consultation ASIC has today released Consultation paper 184 which deals with automated trading.	Regulation
18-Mar-2013	ASIC HFT and Dark Liquidity Taskforces' Report AFMA welcomes ASIC's evidence-driven approach to its review of these areas of market activity. The report highlights that the benefits from market innovation are real and illustrates the importance of regulation that promotes development, while preserving a market that is orderly and fair to its users.	Regulation
28-Jun-2012	ASIC Market Structure Reforms With today's release of its draft Market Integrity Rules ASIC has confirmed that it has been responsive to industry concerns raised in relation to its wide ranging consultation on equity market reform.	Regulation
03-Apr-2012	ASIC Market Structure Reforms AFMA agrees with and supports ASIC's stated determination to maintain the Australian market's international competitiveness, as outlined in today's direction statement on market reform.	Regulation
04-Nov-2010	ASIC Proposals for Regulating a Changing Equity Market	Regulation
25-Feb-2014	ASX Consultation on the Introduction of T+2 Settlement for Cash Equities The Australian Financial Markets Association (AFMA) welcomes the release today by the Australian Securities Exchange (ASX) of its Consultation Paper on the Introduction of T+2 Settlement for cash equities.	Other
25-Oct-2010	ASX-SGX Merger	Regulation
05-Apr-2011	ASX-SGX Proposed Merger	Other
27-Jun-2014	ATO Administrative Solution - LIBOR Cap for AUD Borrowings An issue has arisen as to the appropriate operation of the LIBOR Cap, as contained in Section 160ZZA of the ITAA 1936 to AUD notional borrowings by a foreign bank following the cessation of AUD LIBOR on 31 May 2013. AFMA and the ATO have agreed an Administrative Solution whereby that provides a safe harbour for taxpayers that apply the proxy rate (determined with reference to BBSW plus an appropriate margin).	Taxation
02-May-2016	Attorney General’s Report Strengthens Australia’s AML/CTF Framework The Australian Financial Markets Association has welcomed the Attorney-General’s Department Report into Australia’s AML/CTF Regime (the Report), released on 29 April 2016	Other
14-May-2014	AUSTRAC Levy Change will Increase Regulatory Burden for Business The Australian Financial Markets Association (AFMA) believes that the priority the Government is giving to returning the Federal Budget to surplus over time is appropriate. The budgetary strategy complements the Government’s deregulation initiatives to promote economic growth. However, AFMA is concerned about the announcement in the Budget last night of a significant rise in the AUSTRAC levy, which will increase the cost of regulation for business. This comes on top of large compliance costs associated with major financial regulatory reforms in recent years.	Regulation
15-Jan-2010	Australia as a financial centre - how to achieve our potential	Other
27-Sep-2010	Australia's financial markets continue to perform well	Association
05-Oct-2011	Australia's Financial Markets Prove Effective in Challenging Times	Other
04-Oct-2012	Australia's Financial Markets Stable Despite Global Turbulence The 2012 Australian Financial Markets Report released today shows Australia's financial markets largely held their ground and continued to serve the needs of the domestic economy well, despite ongoing periods of turbulence in major international markets.	Other
01-Jul-2014	Bank Bill Swap (BBSW) Benchmark Rate Conventions The amended Bank Bill Swap (BBSW) Benchmark Rate Conventions as communicated in Market Notice 1-2014 have now been implemented.	Other
02-Jun-2014	BBSW Convention Amendment The BBSW Conventions have been amended and are pending implementation. The amendments have been designed to improve a number of operational procedures whilst not altering the fundamental characteristics of the BBSW rate. All stakeholders, including subscribers, have an opportunity to provide feedback to AFMA during a 2 week consultation period commencing Monday 2 June 2014 and closing 5:00pm Friday 13 June 2014.	Other
27-Mar-2013	BBSW Update - Proposed operational changes to BBSW	Rates
11-May-2010	Budget break on IWT - eventually	Taxation
09-May-2012	Budget Increases Challenges Facing the Australian Financial Markets The Australian financial markets industry is concerned about the significant increase in the cost of industry supervision announced in last night's Federal Budget. While the industry supports effective market supervision, this growth in regulatory costs paid for by the industry is excessive and contrasts with the discipline the Government has exhibited in general expenditures that are met by the government directly.	Other
06-May-2016	Budget to Support Jobs and Growth: AFMA The Australian Financial Markets Association has welcomed the focus in the 2016/17 Budget on promoting growth in the Australian economy. The Government has laid out a cohesive narrative to support the transition of the Australian economy into one that promotes Australia’s competitiveness in the region and enhances Australia’s financial services export capability.	Other
18-Jun-2009	Capital protected product taxation - time for action	Taxation
22-Sep-2015	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum Further to AFMA Market Notice 4-2014 on 24 July 2014, and for the purposes of clarity, the “carbon reference price” for the purposes of the AFMA Australian Carbon Benchmark Addendum continues to be $0/tonne of CO2-e (exclusive of GST).	Regulation
24-Jun-2014	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum The AFMA Electricity Committee has made a determination with respect to the calculation of the Carbon Reference Price (CRP) for the financial year 2014/2015.	Regulation
24-Jul-2014	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum On the 17th July 2014, the Parliament of Australia repealed the Clean Energy Act with retrospective effect to 1 July 2014. Consequently, and for the purposes of clarity, the “carbon reference price” for the purposes of the Addendum is $0/tonne of CO2‐e (exclusive of GST) with respect to each Calculation Period commencing at or after 12:00am (AET) on 1 July 2014.	Regulation
10-Oct-2013	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum On 15 February 2012 the AFMA Electricity Committee passed an AFMA Resolution (as defined in the Addendum) determining that the 'carbon reference price' for the purposes of the Addendum was $23/tonne of CO2-e (exclusive of GST) for the 2012/2013 financial year. On 4 July 2013 the AFMA Electricity Committee passed an AFMA Resolution (as defined in the Addendum) determining that the 'carbon reference price' for the purposes of the Addendum was $24.15/tonne of CO2-e (exclusive of GST) for the 2013/2014 financial year.	Other
10-Sep-2009	Carbon trading documentation launched	Other
22-Aug-2016	Cessation of Environmental Products Data Publication AFMA has made a decision to discontinue the provision of Environmental Products data product on 30 September.	Other
12-Aug-2011	CFD Industry Welcomes Guidance on Enhanced Disclosure Framework	Other
21-Aug-2009	Cmlth Govt Securities - interest withholding tax exemption	Taxation
31-Jan-2011	Competitive Market should be First Priority for ASIC	Regulation
16-Mar-2015	Complementary Benchmark to BBSW Envisaged The Australian Financial Markets Association (AFMA) is working with the regulatory authorities to develop a robust risk-free benchmark interest rate for the Australian market.	Other
30-Mar-2012	Council of Financial Regulators Proposals on Financial Market Infrastructure The Council's recommendations to the Treasurer, released today, would strengthen the hand of regulators in dealing with a rapidly changing environment for financial market infrastructure (FMI).	Other
11-Feb-2013	Council of Financial Regulators Report on Competition and Clearing AFMA welcomes the release of the report of the Council of Financial Regulators on competition in clearing Australian cash equities.	Regulation
10-Feb-2016	Council of Financial Regulators’ Discussion Paper on BBSW AFMA considers today’s release of the Council of Financial Regulators’ Discussion Paper on BBSW methodology a useful progression in the industry’s dialogue in relation to benchmark design	Other
23-Mar-2012	Dark Pools: Industry proposes a targeted response Leading AFMA member broking firms are growing increasingly concerned as ASIC moves towards finalising its approach to the regulation of dark liquidity. Dark liquidity is the term commonly used to describe 'crossings' where brokers match buy and sell orders before reporting trades to the exchange.	Other
03-May-2012	David Lynch to take the helm at AFMA The Chairman of the Australian Financial Markets Association, Rick Sawers, today announced the appointment of David Lynch as Executive Director of AFMA.	Other
02-Sep-2016	Debt Capital Market Issuance Disclosure Practice Following consideration by the AFMA Credit Product Committee of market feedback on debt capital market issuance disclosure, it has been resolved to recommend as good practice broad and consistent dissemination of debt primary market issues in a standard format.	Other
15-May-2017	Debt Capital Market Issuance Disclosure Practice – Guidance on Price and Tenor Following consideration by the AFMA Credit Product Committee of market feedback on debt capital market issuance disclosure requirements, it has been resolved to recommend as good practice broad and consistent dissemination of price and tenor guidance.	Association
30-Sep-2013	Deferral Places OBU Regime on a Better Competitive Footing The Australian Financial Markets Association (AFMA) welcomes the announcement by the Assistant Treasurer, Senator Arthur Sinodinos, yesterday that the Government will not proceed with the start date of 1 October 2013 for the changes to the Offshore Banking Unit (OBU) regime originally announced in the 2013-14 Budget.	Taxation
04-May-2009	Delay in carbon trading causes investment uncertainty	Other
28-Jun-2013	Dividend Washing Amendment Ticks the Box The Australian Financial Markets Association (AFMA) today welcomed the announcement by the Assistant Treasurer that the Government would amend the "qualified person" rules to address integrity concerns associated with dividend washing.	Taxation
11-Jan-2013	Encouragement for Retail Corporate Bonds Treasurer Wayne Swan has today released proposed amendments to the prospectus disclosure and director liability regimes under the Corporations Act that are designed to encourage greater issuance of corporate bonds to the retail sector by Australian companies.	Regulation
31-Mar-2010	Equities market competition	Other

Date	Title & Summary	Topic Area
08-Oct-2014	2014 Australian Financial Markets Report Financial markets volumes continue to tread water with mixed outcomes across individual markets, according to data published by the Australian Financial Markets Association (AFMA) in its 2014 Australian Financial Markets Report (the Report) released this evening. Data in the Report confirms the ongoing importance of efficient and healthy financial markets to the national economy.	Other
10-May-2017	2017-18 Budget Media Release: Major Bank Levy a Poor Policy Precedent The Australian Financial Markets Association (AFMA) has expressed concern regarding the cornerstone budget announcement of the Government to impose a Major Bank Levy, with projected revenue over the forward estimates period of $6.2 billion. The announced levy applies to Australia’s five largest banks, with liabilities in excess of $100 billion	Other
13-Dec-2011	A Positive Step to Develop the Retail Bond Market	Other
25-May-2012	Abolition of the LIBOR Cap and Better Branch Tax Rules a Step Nearer AFMA Welcomes the decision by the Assistant Treasurer to ask the Board of Taxation to examine the continued appropriateness of the LIBOR cap and the suitability of any other such tax benchmark for internal funding by foreign bank branches operating in the Australian market.	Other
27-Sep-2013	AFMA Adopts NBBO Calculation Methodology for BBSW Benchmark Rates The Australian Financial Markets Association (AFMA) today migrated to NBBO calculation methodology for BBSW benchmark rates.	Rates
20-Aug-2012	AFMA and RVS Achieve Key Milestone with End of Day Price Validation Service AFMA and RVS enter into license agreement to establish AFMA RAVA. Rate Validation Services (RVS) today announced plans to launch a new rate validation service to the Australian banking industry with assistance from the Australian Financial Markets Association (AFMA). The agreement marks an important milestone for Rate Validation Services in their two-year development of an innovative price validation service covering every financial markets instrument in the Australian market place.	Other
19-Aug-2015	AFMA announces move to T+2 for Australian Fixed Income The Australian Financial Markets Association (AFMA) has announced that Australia will move to T+2 settlement for fixed income products on March 7th, 2016.	Other
17-Jul-2015	AFMA appoints new Chair The Board of the Australian Financial Markets Association (AFMA) has elected Steve Harker, Managing Director and Chief Executive Officer of Morgan Stanley Australia, as its new Chair.	Association
30-Nov-2016	AFMA Appoints New Chairman The Board of the Australian Financial Markets Association (AFMA) has appointed as its Chairman John Knox, CEO, Credit Suisse Australia.	Association
27-Nov-2009	AFMA appoints new chairman and deputy	Association
04-Jun-2015	AFMA calls for tax changes to support Australian markets The Australian Financial Markets Association (AFMA) has called for a number of changes to the Australian taxation system to remove barriers to Australia’s competitiveness.	Taxation
08-Jul-2016	AFMA Carbon Addendum CRP methodology resolved AFMA’s Electricity Committee has selected a proposed methodology for the CRP, after consideration of the feedback from a general market consultation process that occurred in March/April	Other
11-Nov-2011	AFMA Carbon Benchmark Addendum	Other
22-Jul-2016	AFMA Commences BBSW Externalisation Process AFMA has previously advised the market that it intends to step away from its function as administrator of the Bank Bill Swap (BBSW) Benchmark Rate and will transfer responsibilities to an appropriately qualified entity. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.	Association
26-Oct-2018	AFMA Commits to Working with Government on OECD Review into Offshore Banking Unit Regime AFMA Commits to Working with Government on OECD Review into Offshore Banking Unit Regime	Association
03-Sep-2018	AFMA Electricity Derivatives Turnover Report As a result of increased interest from regulatory bodies, market participants and other observers of the electricity derivative markets, AFMA has released a report on electricity derivative turnover.	Other
20-Feb-2019	AFMA Electricity Derivatives Turnover Report 2017-2018 AFMA has released the AFMA Electricity Derivatives Turnover Report, which provides annual turnover data for the exchange and over-the-counter (OTC) electricity derivatives markets for 2017/2018 and earlier years	Other
25-Aug-2016	AFMA introduces an Algorithmic Fall-back to the BBSW Calculation Methodology As advised in the 19 July Market Notice 2016_5, AFMA is changing the calculation methodology for BBSW to place it on a sounder footing going forward. One component of the new methodology is the introduction of an algorithmic fall-back stage, which would come into operation in the event that the NBBO calculation process fails to compute a BBSW rate for all tenors. It is expected that the algorithmic fall-back would be rarely used in practice.	Other
02-Dec-2011	AFMA Prime Bank List Affirmed	Other
30-Nov-2011	AFMA Prime Bank List Amended	Other
26-Sep-2011	AFMA Prime Banks Re-confirmed	Other
29-Sep-2010	AFMA Prime Banks Re-confirmed	Association
28-Sep-2012	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2012 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
30-Sep-2013	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2013 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
30-Sep-2014	AFMA Prime Banks Re-confirmed The Australian Financial Markets Association today announced the conclusion of its 2014 Prime Bank Survey and the re-election of the existing AFMA Prime Banks, effective immediately.	Other
28-Aug-2015	AFMA Reaction to Proposed ASIC Funding Model The Australian Financial Markets Association (AFMA) believes that ASIC should be properly funded to meet its responsibilities and participants in the financial services sector should be prepared to provide a proportionate amount of ASIC’s funding through cost recovery charges.	Regulation
06-Oct-2015	AFMA releases 2015 Financial Markets Report The Australian Financial Markets Association (AFMA) today released its 2015 Australian Financial Markets Report, an authoritative survey of Australia’s over-the-counter and exchange-traded financial markets.	Other
23-Nov-2017	AFMA releases 2017 Australian Financial Markets Report The Australian Financial Markets Association (AFMA) today released the 2017 Australian Financial Markets Report, its annual review of Australia’s over-the-counter and exchange-traded financial markets.	Association
30-Mar-2016	AFMA responds to announcement on competition in cash equities clearing The Australian Financial Markets Association (AFMA) welcomes the announcement today by the Treasurer, Scott Morrison, on competition in cash equities clearing.	Regulation
21-Sep-2015	AFMA Responds to New Cabinet The Australian Financial Markets Association (AFMA) has welcomed the new Ministry and its emphasis on building an innovative, productive and competitive economy. CEO David Lynch said the industry body was particularly looking forward to working with the newly appointed Treasury Ministers on the range of policies required to achieve these objectives.	Regulation
20-Oct-2015	AFMA responds to outcomes of the Financial System Inquiry The Australian Financial Markets Association (AFMA) has welcomed the commitment by the Government to maintain an efficient and resilient financial system in its response to the Murray Financial System Inquiry Report.	Other
21-Dec-2012	AFMA Says Board of Taxation Should Call Time on LIBOR Cap AFMA's submission to the Board of Taxation's review of tax arrangements applying to permanent establishments has called for the Board to recommend the immediate abolition of the 'LIBOR cap'.	Taxation
18-Mar-2010	AFMA spreads the word on reducing offshore tax risks	Taxation
23-Oct-2015	AFMA Statement regarding Council of Financial Regulators Consultation Paper on BBSW AFMA has an ongoing, mutually beneficial dialogue with the financial regulators in relation to benchmark matters and we have engaged with them on the consultation paper prior to its release. The RBA participates as an observer on the AFMA committees that deal with benchmark matters. We agree with the Council of Financial Regulators’ assessment that the market has changed and volumes are low at the time of day BBSW is set, with significantly larger volumes traded outside of this period. It is this issue, rather than the specific calculation methodology, that the Council is looking to address.	Regulation
08-Jul-2015	AFMA supports ASIC recommendations on administration of financial benchmarks AFMA supports ASIC recommendations on administration of financial benchmarks. In particular, AFMA endorses the recommendation that administrators of systemically-important benchmarks administered in Australia adopt and implement the IOSCO Principles.	Regulation
28-Jun-2013	AFMA Supports Consultation on OBU Changes The Australian Financial Markets Association (AFMA) has welcomed the announcement by the Assistant Treasurer today that the Government will defer the implementation of proposed changes to the Offshore Banking Unit (OBU) regime until1 October 2013, together with the release of Treasury's Discussion Paper entitled "Improving the Offshore Banking Unit Regime."	Regulation
06-Oct-2011	AFMA Supports Tax System Improvements	Taxation
14-Aug-2015	AFMA survey on Complementary Financial Benchmarks AFMA is working with member firms and the Australian regulatory authorities to develop a robust, near-risk-free benchmark interest rate for the Australian market. The indications are that a near-risk-free benchmark will, for certain applications, hold attraction to users of existing interest rate benchmarks. That said, the new benchmark is being designed to complement the existing Bank Bill Swap (BBSW) rate, which has a vital ongoing role as a benchmark in the financial system.	Other
20-Dec-2013	AFMA surveys benchmark rate users The Australian Financial Markets Association (AFMA) conducted a survey to better understand the needs of reference rate users. The survey sought to understand the demand for interest rate benchmarks in general and the current usage of the Bank Bill Swap (BBSW) benchmark rate more specifically.	Other
11-May-2016	AFMA to Refocus its Support for Financial Benchmarks AFMA has determined that benchmark administration has now evolved to a point where it is appropriate for it as an industry body to step away from the function of being a benchmark administrator. This will provide AFMA with greater capacity to conduct the policy advocacy and market development activities that form the core of its mission.	Association
12-Jul-2010	AFMA to work with ASIC to strengthen CFD sector	Regulation
09-Aug-2016	AFMA welcomes ASIC Reports 486, 487 AFMA welcomes the release today of Reports 486 and 487 by ASIC in relation to sell-side research and corporate advisory confidential information and conflicts, and a review of the cleanliness of the Australian equity market, respectively.	Other
03-Mar-2011	AFMA welcomes ASIC's approach to market reform	Regulation
29-Apr-2011	AFMA Welcomes Competition Milestone	Other
04-May-2011	AFMA Welcomes Licence Grant	Other
20-Dec-2013	AFMA welcomes measured approach to FOFA changes The Australian Financial Markets Association (AFMA) has welcomed the Government's announcement today of a number of amendments to the Future of Financial Advice (FOFA) provisions in the Corporations Act, which are aimed at reducing compliance cost for business, advisers and consumers who access financial advice.	Regulation
27-Nov-2012	AFMA Welcomes Release of Brokerage and Stamping Fees Regulations Regulations have been released as part of the Future of Financial Advice (FOFA) reforms that exempt brokerage paid to representatives, and stamping fees connected to capital raisings, from the conflicted remuneration ban under FOFA.	Regulation
27-Nov-2014	AFMA welcomes sensible solution on FOFA regulations The Australian Financial Markets Association (AFMA) welcomes the announcement by Senator Cormann that the Government has agreed with the Opposition that a revised regulation to progress the broadly supported elements of the disallowed Future of Financial Advice (FOFA) Regulations will be re-made by the Government before the end of this year.	Regulation
20-Oct-2017	AFMA welcomes the appointment of James Shipton David Lynch, CEO of the Australian Financial Markets Association, welcomed today's announcement by the Minister for Revenue and Financial Services of the appointment of James Shipton as the next chairman of ASIC.	Other
31-Mar-2014	AFMA's Financial System Inquiry Submission The Australian Financial Markets Association (AFMA) has today made a submission to the Financial System Inquiry being chaired by Mr David Murray AO. The forward looking nature of the Inquiry gives it an important role in helping to shape the financial system so it most effectively supports the future development of the Australian economy.	Regulation
02-Jul-2018	AFS Licensee Notices on Research Independence for Issuers on an IPO AFMA is making available on its website for member use a one page notices document AFS Licensee Notices on Research Independence for Issuers on an IPO (Issuer Notices) to provide initial notices to issuers regarding research independence requirements set out in the Australian Securities and Investments Commission (ASIC) Regulatory Guide 264 (Sell Side Research) (RG 264).	Regulation
24-Feb-2012	Amendment to AFMA Prime Bank List The Australian Financial Markets Association (AFMA) has been advised by BNP Paribas Australia that it requests to be removed from the AFMA list of Prime Banks.	Other
18-Apr-2018	Amendments to the NTI Conventions - Reporting of Stock Details In its role as administrator of the BBSW benchmark rate the ASX is preparing to transition the primary calculation of the rate from a national best bid and best offer (“NBBO”) methodology to that of a volume weighted average price (“VWAP”). In order for this to be effective a selling counterparty of prime bank paper will be required to report all secondary market trades that occur within the VWAP trade set window, but not through an approved trading venue, to a trade reporting agent	Other
30-Sep-2016	Annual AFMA Prime Bank Elections The Australian Financial Markets Association today concluded its 2016 Prime Bank Survey, and from this process the current Prime Banks were re-elected, there being no other nominating institutions	Association
30-Sep-2015	Annual AFMA Prime Bank Elections The Australian Financial Markets Association today concluded its 2015 Prime Bank Survey, and from this process the current Prime Banks were re-elected, there being no other nominating institutions.	Other
24-Jul-2017	APRA CPS 226 Margining status renewal request Entities regulated by the Australian Prudential Regulation Authority (APRA, and such entities, APRA covered entities) are required to have in place margining practices in relation to non-centrally cleared derivatives. These requirements are contained in the Prudential Standard CPS 226 Margining and risk mitigation for non-centrally cleared derivatives (CPS 226).	Regulation
13-Aug-2012	ASIC Automated Trading Consultation ASIC has today released Consultation paper 184 which deals with automated trading.	Regulation
18-Mar-2013	ASIC HFT and Dark Liquidity Taskforces' Report AFMA welcomes ASIC's evidence-driven approach to its review of these areas of market activity. The report highlights that the benefits from market innovation are real and illustrates the importance of regulation that promotes development, while preserving a market that is orderly and fair to its users.	Regulation
28-Jun-2012	ASIC Market Structure Reforms With today's release of its draft Market Integrity Rules ASIC has confirmed that it has been responsive to industry concerns raised in relation to its wide ranging consultation on equity market reform.	Regulation
03-Apr-2012	ASIC Market Structure Reforms AFMA agrees with and supports ASIC's stated determination to maintain the Australian market's international competitiveness, as outlined in today's direction statement on market reform.	Regulation
04-Nov-2010	ASIC Proposals for Regulating a Changing Equity Market	Regulation
25-Feb-2014	ASX Consultation on the Introduction of T+2 Settlement for Cash Equities The Australian Financial Markets Association (AFMA) welcomes the release today by the Australian Securities Exchange (ASX) of its Consultation Paper on the Introduction of T+2 Settlement for cash equities.	Other
25-Oct-2010	ASX-SGX Merger	Regulation
05-Apr-2011	ASX-SGX Proposed Merger	Other
27-Jun-2014	ATO Administrative Solution - LIBOR Cap for AUD Borrowings An issue has arisen as to the appropriate operation of the LIBOR Cap, as contained in Section 160ZZA of the ITAA 1936 to AUD notional borrowings by a foreign bank following the cessation of AUD LIBOR on 31 May 2013. AFMA and the ATO have agreed an Administrative Solution whereby that provides a safe harbour for taxpayers that apply the proxy rate (determined with reference to BBSW plus an appropriate margin).	Taxation
02-May-2016	Attorney General’s Report Strengthens Australia’s AML/CTF Framework The Australian Financial Markets Association has welcomed the Attorney-General’s Department Report into Australia’s AML/CTF Regime (the Report), released on 29 April 2016	Other
14-May-2014	AUSTRAC Levy Change will Increase Regulatory Burden for Business The Australian Financial Markets Association (AFMA) believes that the priority the Government is giving to returning the Federal Budget to surplus over time is appropriate. The budgetary strategy complements the Government’s deregulation initiatives to promote economic growth. However, AFMA is concerned about the announcement in the Budget last night of a significant rise in the AUSTRAC levy, which will increase the cost of regulation for business. This comes on top of large compliance costs associated with major financial regulatory reforms in recent years.	Regulation
15-Jan-2010	Australia as a financial centre - how to achieve our potential	Other
27-Sep-2010	Australia's financial markets continue to perform well	Association
05-Oct-2011	Australia's Financial Markets Prove Effective in Challenging Times	Other
04-Oct-2012	Australia's Financial Markets Stable Despite Global Turbulence The 2012 Australian Financial Markets Report released today shows Australia's financial markets largely held their ground and continued to serve the needs of the domestic economy well, despite ongoing periods of turbulence in major international markets.	Other
01-Jul-2014	Bank Bill Swap (BBSW) Benchmark Rate Conventions The amended Bank Bill Swap (BBSW) Benchmark Rate Conventions as communicated in Market Notice 1-2014 have now been implemented.	Other
02-Jun-2014	BBSW Convention Amendment The BBSW Conventions have been amended and are pending implementation. The amendments have been designed to improve a number of operational procedures whilst not altering the fundamental characteristics of the BBSW rate. All stakeholders, including subscribers, have an opportunity to provide feedback to AFMA during a 2 week consultation period commencing Monday 2 June 2014 and closing 5:00pm Friday 13 June 2014.	Other
27-Mar-2013	BBSW Update - Proposed operational changes to BBSW	Rates
11-May-2010	Budget break on IWT - eventually	Taxation
09-May-2012	Budget Increases Challenges Facing the Australian Financial Markets The Australian financial markets industry is concerned about the significant increase in the cost of industry supervision announced in last night's Federal Budget. While the industry supports effective market supervision, this growth in regulatory costs paid for by the industry is excessive and contrasts with the discipline the Government has exhibited in general expenditures that are met by the government directly.	Other
06-May-2016	Budget to Support Jobs and Growth: AFMA The Australian Financial Markets Association has welcomed the focus in the 2016/17 Budget on promoting growth in the Australian economy. The Government has laid out a cohesive narrative to support the transition of the Australian economy into one that promotes Australia’s competitiveness in the region and enhances Australia’s financial services export capability.	Other
18-Jun-2009	Capital protected product taxation - time for action	Taxation
22-Sep-2015	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum Further to AFMA Market Notice 4-2014 on 24 July 2014, and for the purposes of clarity, the “carbon reference price” for the purposes of the AFMA Australian Carbon Benchmark Addendum continues to be $0/tonne of CO2-e (exclusive of GST).	Regulation
24-Jun-2014	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum The AFMA Electricity Committee has made a determination with respect to the calculation of the Carbon Reference Price (CRP) for the financial year 2014/2015.	Regulation
24-Jul-2014	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum On the 17th July 2014, the Parliament of Australia repealed the Clean Energy Act with retrospective effect to 1 July 2014. Consequently, and for the purposes of clarity, the “carbon reference price” for the purposes of the Addendum is $0/tonne of CO2‐e (exclusive of GST) with respect to each Calculation Period commencing at or after 12:00am (AET) on 1 July 2014.	Regulation
10-Oct-2013	Carbon Reference Price under the AFMA Australian Carbon Benchmark Addendum On 15 February 2012 the AFMA Electricity Committee passed an AFMA Resolution (as defined in the Addendum) determining that the 'carbon reference price' for the purposes of the Addendum was $23/tonne of CO2-e (exclusive of GST) for the 2012/2013 financial year. On 4 July 2013 the AFMA Electricity Committee passed an AFMA Resolution (as defined in the Addendum) determining that the 'carbon reference price' for the purposes of the Addendum was $24.15/tonne of CO2-e (exclusive of GST) for the 2013/2014 financial year.	Other
10-Sep-2009	Carbon trading documentation launched	Other
22-Aug-2016	Cessation of Environmental Products Data Publication AFMA has made a decision to discontinue the provision of Environmental Products data product on 30 September.	Other
12-Aug-2011	CFD Industry Welcomes Guidance on Enhanced Disclosure Framework	Other
21-Aug-2009	Cmlth Govt Securities - interest withholding tax exemption	Taxation
31-Jan-2011	Competitive Market should be First Priority for ASIC	Regulation
16-Mar-2015	Complementary Benchmark to BBSW Envisaged The Australian Financial Markets Association (AFMA) is working with the regulatory authorities to develop a robust risk-free benchmark interest rate for the Australian market.	Other
30-Mar-2012	Council of Financial Regulators Proposals on Financial Market Infrastructure The Council's recommendations to the Treasurer, released today, would strengthen the hand of regulators in dealing with a rapidly changing environment for financial market infrastructure (FMI).	Other
11-Feb-2013	Council of Financial Regulators Report on Competition and Clearing AFMA welcomes the release of the report of the Council of Financial Regulators on competition in clearing Australian cash equities.	Regulation
10-Feb-2016	Council of Financial Regulators’ Discussion Paper on BBSW AFMA considers today’s release of the Council of Financial Regulators’ Discussion Paper on BBSW methodology a useful progression in the industry’s dialogue in relation to benchmark design	Other
23-Mar-2012	Dark Pools: Industry proposes a targeted response Leading AFMA member broking firms are growing increasingly concerned as ASIC moves towards finalising its approach to the regulation of dark liquidity. Dark liquidity is the term commonly used to describe 'crossings' where brokers match buy and sell orders before reporting trades to the exchange.	Other
03-May-2012	David Lynch to take the helm at AFMA The Chairman of the Australian Financial Markets Association, Rick Sawers, today announced the appointment of David Lynch as Executive Director of AFMA.	Other
02-Sep-2016	Debt Capital Market Issuance Disclosure Practice Following consideration by the AFMA Credit Product Committee of market feedback on debt capital market issuance disclosure, it has been resolved to recommend as good practice broad and consistent dissemination of debt primary market issues in a standard format.	Other
15-May-2017	Debt Capital Market Issuance Disclosure Practice – Guidance on Price and Tenor Following consideration by the AFMA Credit Product Committee of market feedback on debt capital market issuance disclosure requirements, it has been resolved to recommend as good practice broad and consistent dissemination of price and tenor guidance.	Association
30-Sep-2013	Deferral Places OBU Regime on a Better Competitive Footing The Australian Financial Markets Association (AFMA) welcomes the announcement by the Assistant Treasurer, Senator Arthur Sinodinos, yesterday that the Government will not proceed with the start date of 1 October 2013 for the changes to the Offshore Banking Unit (OBU) regime originally announced in the 2013-14 Budget.	Taxation
04-May-2009	Delay in carbon trading causes investment uncertainty	Other
28-Jun-2013	Dividend Washing Amendment Ticks the Box The Australian Financial Markets Association (AFMA) today welcomed the announcement by the Assistant Treasurer that the Government would amend the "qualified person" rules to address integrity concerns associated with dividend washing.	Taxation
11-Jan-2013	Encouragement for Retail Corporate Bonds Treasurer Wayne Swan has today released proposed amendments to the prospectus disclosure and director liability regimes under the Corporations Act that are designed to encourage greater issuance of corporate bonds to the retail sector by Australian companies.	Regulation
31-Mar-2010	Equities market competition	Other