ASIC has confirmed to ASX that it has commenced an investigation into suspected contraventions of the ASIC Act 2001 and the Corporations Act 2001 in relation to the CHESS replacement program.
ASIC will be investigating whether ASX Limited, ASX Clear Pty Limited, ASX Settlement Pty Limited and/or their directors and officers have breached obligations under sections 180, 674, 674A, 1041H and 1308 of the Corporations Act 2001 and sections 12DA and 12DB of the ASIC Act 2001, during the period 28 October 2020 to 28 March 2022, in relation to oversight of the program, and statements and disclosures made by or on behalf of ASX as to the status of the program.
ASX takes its obligations very seriously and will cooperate fully with ASIC. Release of market announcement authorised by: Johanna O’Rourke Group General Counsel and Company Secretary.
Source: ASX
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
Markets Media caught up with Kevin Duggan, Senior Managing Director of Beta and Global Trading at OTPP.
What's your biggest trading tech frustration? 🤔
Celebrating women shaping European finance
European Women in Finance Awards deadline is Aug 23
#WomeninFinance #Finance #WIF
Nominate here: https://www.jotform.com/form/250276204100339
"Modernizing isn't just upgrading—it's reshaping how we deliver client value" - @Wedbush's Rodrigo Parrode
Related articles
-
The group had its second-highest total July average daily volume of 21.9 million contracts.
-
The need for robust, automated, and data-rich solutions becomes critical as regulatory demands evolve.
-
The firm provides a crypto-as-a-service (CaaS) platform to financial institutions.
-
AT&T is also dual listing its common stock on NYSE Texas.
-
Craig Donohue led his first Cboe Global Markets results call as CEO.
We're Enhancing Your Experience with Smart Technology
We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] By continuing to use our services after Aug 25, 2025, you agree to these updates.
