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ASIC sues ASX over botched settlement solution

The ASX abandoned the project last year and took a A$176m writedown.

The ASX now says it will maintain the 30 year-old CHESS infrastructure until at least 2032.

Australia’s corporate regulator is suing the nation’s sharemarket operator over the long running saga of replacing the market's ageing CHESS settlement and clearing system.

The Australian Securities and Investments Commission (Asic) today filed a lawsuit in the Federal Court against the ASX,

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Lachlan Colquhoun Wed, 14 Aug 2024
Contact the Writer: lachlan@nbr.co.nz
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ASIC sues ASX over botched settlement solution
Australia,
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true