The ASX has communicated to all market participants of an industry-wide ASX settlement failure that occurred on Friday the 20th of December. This failure has meant that CHESS was not able to complete market settlement on Friday and has deferred settlement to Monday the 23rd of December. For those clients who had sell trades settling on Friday we have ensured those sale proceeds have been made available to you for trading on Monday. Stock delivery for clients who had buy trades settling will need to wait until Monday before the shares become available to sell. We apologise for any inconvenience this ASX outage has caused.
As an existing nabtrade customer, why am I being asked to provide the rationale of complex ownership structure of my company or trust?
In order to meet our obligations, nabtrade is legally required under the Anti-Money Laundering and Counter Terrorism Financing Act 2006 (AML/CTF) to carry out and record additional due diligence when a complex ownership structure is identified.
What do I need to do?
We may contact you to find out more details about your company or trust ownership structure and to ask for additional information/documentation.
