meta_id 3346201

On August 6, 2026, the Australian Securities and Investments Commission (ASIC) invited industry feedback on its proposal to remake the ASIC Corporations (Low Volume Financial Markets) Instrument 2016/888, which is scheduled to sunset on October 1, 2026. The current relief exempts low-volume financial markets from the requirement to hold an Australian market licence under Part 7.2 of the Corporations Act 2001. ASIC proposes to remake the instrument because it is operating effectively and remains a necessary and useful part of the legislative framework. The substantive change proposed is an increase to the transaction value threshold for low-volume financial markets from $1.5 million to $2.5 million, reflecting inflation since the threshold was last adjusted in 2016. A financial market qualifies as low-volume if, during the preceding 12 months, no more than 100 completed transactions are entered into and the value of those transactions does not exceed the relevant threshold. All other proposed amendments are minor, technical, or consequential and do not materially change the instrument's operation. ASIC considers it would be inconsistent with the purpose of the market licence regulatory regime to require low-volume financial markets to hold an Australian market licence, given their limited transaction volumes. The feedback period closes on August 20, 2026, at 5pm (Australian Eastern Standard Time). Responses should be emailed to rri.consultation@asic.gov.au. The proposed draft instrument is available on ASIC's consultation page (CS 60). Under the Legislation Act 2003, all legislative instruments automatically sunset after 10 years unless ASIC takes action to preserve them.