Notice: Notification of Wind-Down of ACX’s ADGM Exchange and Clearing House Operations

After careful consideration and in compliance with applicable regulatory requirements (including those of the Financial Services Regulatory Authority of the Abu Dhabi Global Market), ACX Ltd and ACX Clearing Corporation Ltd (together, ACX) will immediately commence an orderly wind-down of their operations as an Exchange and a Clearing House respectively.

As part of this process, all services (including trading, settlement and custody) will be discontinued; access to all relevant facilities will be terminated; all assets and cash of Participants and Clients will be returned in an orderly manner; and all Participant Agreements will be terminated.

Key information of the wind-down process:

1. Cessation of services

ACX Ltd will cease all its Exchange operations after 25 October, 2024.

ACX Clearing Corporation Ltd plans to cease all its Clearing House operations after 01 November, 2024, subject to the return of all Registry Receipts and Funds to Participants and Clients, and will stop processing Deposit Notifications (including for the purpose of Settling CMB Transactions and Block Trades) after 22 October, 2024.

2. Return of Registry Receipt balances

We request all Participants or Clients to submit Withdrawal Notifications or Retirement Notifications relating to their Registry Receipts on or before 25 October, 2024. Participants or Clients without a Registry Account to receive their Registry Receipts will be contacted separately to make alternative arrangements.

3. Return of Fund balances

We request all Participants or Clients to submit Withdrawal Notifications relating to their Funds on or before 25 October, 2024.

Following the return of all Registry Receipts and Funds to a Participant and, if any, its Clients, or a custodian appointed by the Participant or Client, the Participant Agreement with such Participant will terminate. We are committed to ensuring a smooth, transparent and orderly wind-down process and encourage all Participants and/or Clients to take prompt action to submit their Withdrawal Notifications within the designated timelines.

Please also refer to the email sent to the Registered Email of the Corporate Administrators of Participants and the FAQ: Wind-Down of ACX’s ADGM Exchange and Clearing House Operations for further details of the wind-down process.

We thank you for your trust and understanding as we manage this process. If there are any material changes to the information or timelines above, a further Notice will be published. Please continue to visit https://acx.ae/category/notices/ for additional information or contact [email protected] with any queries.

Words capitalised but not defined in this Notice have the meanings given to them in the ACX Market Rules at https://acx.ae/wp-content/uploads/2024/04/ACX-Market-Rules-V1.2.pdf.

Thomas McMahon & William Pazos
Co-Senior Executive Officers
ACX Ltd and ACX Clearing Corporation Ltd