ASIC Extends Short-Selling Relief for Precious Metal ETP Market Makers
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- Last Updated on 5 March, 2026
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Editorial Team – [2026] 184 taxmann.com 27 (Article)
World Corporate Law News provides a weekly snapshot of corporate law developments from around the globe. Here’s a glimpse of the key corporate law update this week.
1. Securities Law
1.1 ASIC Extends Short-Selling Relief for Market Makers in Precious Metal-Backed Exchange-Traded Products
On February 27, 2026, the Australian Securities and Investments Commission (ASIC) extended conditional short-selling relief for appointed market makers to support market liquidity in exchange-traded options (ETOs) listed over Global X Physical Gold Structured and specified structured products referencing precious metals.
The relief extends the existing market maker short-selling relief for similar exchange-traded products where settlement failure risk is low.
With effect from February 3, 2026, the ASIC Corporations (Amendment) Instrument 2026/24 amends the ASIC Corporations (Short Selling) Instrument 2018/745 to:
(a) Allow market makers of specified structured products that reference precious metals to short sell these products during the course of market making on the same conditions that currently apply to ETF market makers.
(b) Include Global X Physical Gold Structured as an approved product that an appointed ETO market maker can short sell to hedge risks arising from making a market in the listed option.
(c) Extend the covered short sale transaction reporting relief for ETF market makers also to include market makers of specified structured products and
(d) Reflect current naming conventions for exchange-traded products and use market-neutral language.
Markets that intend to rely on the conditional exemption should review the amended instrument to understand how it applies to their market-making activities.
Source – Official Guidance
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