SIM Venture Securities Exchange

SIM Venture Securities Exchange (SIM VSE) was an Australian securities exchange operator. It held an Australian Market Licence (AML) granted under the Corporations Act, which allowed it to operate a financial market in Australia. The exchange later changed its name to IR Plus Securities Exchange Ltd, and the entity is now defunct following the cancellation of its licence. According to the official website, at the request of IR Plus Securities Exchange Ltd (previously SIM Venture Securities Exchange Ltd), the Minister cancelled IR Plus' Australian Market Licence effective from 27 February 2018. The cancellation was notified in the Australian Gazette of 6 March 2018. As a result, IR Plus was no longer required to maintain Part 7.5 Div 3 compensation arrangements, including a Fidelity Fund. The exchange's compensation rules provided that if SIM VSE ceased to be required to have compensation arrangements, the rights of people to seek compensation under the arrangements would be protected for a period of six months from the day upon which SIM VSE ceased to be so required. A notice confirmed that IR Plus Securities Exchange Ltd was no longer required to have Div 3 compensation arrangements, but that compensation arrangements would continue until 27 August 2018 when they would cease. An update dated 29 August 2018 stated that further to the announcement of the cancellation of IR Plus' Australian Market Licence effective 27 February 2018 and the cessation of IR Plus' Part 7.5 Div 3 compensation arrangements on 27 August 2018, there were no claims submitted to IR Plus in relation to the Div 3 compensation arrangements subsequent to the announcement. The notice confirmed that the IR Plus Securities Exchange Ltd Part 7.5 Div 3 compensation arrangements had ceased and no claims for compensation would be entertained. The exchange previously held an Australian Market Licence granted under the Corporations Act. Compliance by the exchange with the obligations imposed under the Corporations Act and via the terms of its licence was a key part of its regulatory framework. The brand is no longer active as a securities exchange.

SIM Venture Securities Exchange (SIM VSE) was an Australian securities exchange operator that held an Australian Market Licence (AML) granted under the Corporations Act. The licence allowed it to operate a financial market in Australia and imposed compliance obligations under the Corporations Act and the terms of the licence. At some point, the exchange changed its name to IR Plus Securities Exchange Ltd. The exact date of the name change is not provided in the available evidence. The entity continued to operate under the IR Plus name until its Australian Market Licence was cancelled. At the request of IR Plus Securities Exchange Ltd (previously SIM Venture Securities Exchange Ltd), the Minister cancelled IR Plus' Australian Market Licence effective from 27 February 2018. The cancellation was notified in the Australian Gazette of 6 March 2018. As a consequence of the cancellation, IR Plus was no longer required to have Part 7.5 Div 3 compensation arrangements, including a Fidelity Fund. The exchange's compensation rules provided that if SIM VSE ceased to be required to have compensation arrangements, the rights of people to seek compensation under the arrangements (rights that accrued while SIM VSE was required to have such arrangements) would be adequately protected insofar as SIM VSE would maintain insurance or other funding arrangements for a period of six months from the day upon which SIM VSE ceased to be so required. A notice confirmed that IR Plus Securities Exchange Ltd was no longer required to have Div 3 compensation arrangements, but that compensation arrangements would continue until 27 August 2018 when they would cease. An update dated 29 August 2018 stated that further to the announcement of the cancellation of IR Plus' Australian Market Licence effective 27 February 2018 and the cessation of IR Plus' Part 7.5 Div 3 compensation arrangements on 27 August 2018, there were no claims submitted to IR Plus in relation to the Div 3 compensation arrangements subsequent to the announcement. The notice confirmed that the IR Plus Securities Exchange Ltd Part 7.5 Div 3 compensation arrangements had ceased and no claims for compensation would be entertained. The exchange previously held an Australian Market Licence granted under the Corporations Act. Compliance by the exchange with the obligations imposed under the Corporations Act and via the terms of its licence was a key part of its regulatory framework. The brand is no longer active as a securities exchange.

• Australian Market Licence cancelled effective from this date.

• Cancellation of Australian Market Licence notified in the Australian Gazette.

• Part 7.5 Div 3 compensation arrangements ceased.

• Update announced that no claims were submitted in relation to the Div 3 compensation arrangements.

Licensed Australian securities exchange

• Securities exchange services

  Operation of a financial market under an Australian Market Licence.

1. 1IR Plus Securities Exchange Limitedsimvse.com.au
2. 2SIM Venture Securities Exchangewikidata.org