New Perspective: Australian Markets Spar Over Surveillance Funding
The proposed financial market supervision cost recovery model, in which the Treasury aims to raise A$30 million ($30.5 million) to fund ASIC, sets out plans to impose supervision costs for exchanges based on market share, charge for participant trades and messages, and levy costs for technology connectivity.
Chi-X Australia responded to the consultation in a 10-page letter to the Treasury. "Chi-X is particularly concerned that there has not yet been a full analysis of the potential impact of the
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