Licensed and exempt markets
A financial market is a facility through which offers to buy and sell financial products are regularly made.
Anyone who operates a financial market in Australia must obtain a licence to do so, or otherwise be exempted by the Minister (or an ´óÏóÊÓÆµdelegate).
´óÏóÊÓÆµis responsible for the supervision of operators of financial markets. We advise the Government (or an ´óÏóÊÓÆµdelegate) on changes to licensee operating rules and on applications for new market licences.