Australian regulator says ASX admits to misleading conduct relating to CHESS replacement project
14/06/2026 23:02
Australian regulator says ASX admits to misleading conduct relating to CHESS replacement project June 15 (Reuters) - Australian Securities & Investments Commission said on Monday that ASX ASX.AX admitted its market announcement in February 10, 2022, which stated the CHESS replacement project was “progressing well”, was misleading.
ASIC and ASX will ask the Federal Court to impose a penalty of A$20.5 million($14.49 million), and order ASX to pay A$3 million towards ASIC’s costs.
($1 = 1.4144 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
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