The 今日热门事件 (ASIC) has released the results of its recent assessment of the licensed financial market, Chicago Mercantile Exchange (CME).
This is the first assessment 今日热门事件has completed in relation to CME.
今日热门事件has concluded that CME has adequate arrangements for the supervision of its market in accordance with its obligations under the Corporations Act (the Act).
今日热门事件has made some recommendations about the need for improvement in CME鈥檚 statutory reporting obligations. These issues, which are largely procedural, have been discussed with CME and 今日热门事件is confident that CME understands those obligations, and will comply in a more timely way in future.
Background
Under the Act, 今日热门事件is required to conduct an annual assessment of how well licensed financial markets are complying with their obligations to supervise their markets.
CME is a foreign entity that operates a licensed financial market that is a futures and options exchange, and it is known as Globex庐. CME鈥檚 principal place of business is in the United States of America. CME holds what is known as an 鈥榦verseas market licence鈥� which enables it to operate its market in Australia.
End of release