Brief: Australia's ASIC Says ASX Admits Misleading Conduct Relating To Chess Replacement Project

ASX

14/06/2026 22:56

June 15 (Reuters) - Australia's ASIC:
ASX ADMITS MISLEADING CONDUCT RELATING TO CHESS REPLACEMENT PROJECT
ASIC, ASX WILL ASK THE FEDERAL COURT TO FIND THAT ASX CONTRAVENED THE LAW, IMPOSE A PENALTY OF A$20.5 MILLION
ASIC WILL ASK THE FEDERAL COURT TO ORDER ASX TO PAY A$3 MILLION TOWARDS ASIC’S COSTS
ASX ADMITTED FEBRUARY 2022 MARKET ANNOUNCEMENT STATED THAT CHESS REPLACEMENT PROJECT WAS “PROGRESSING WELL” WAS MISLEADING
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