istart.com.au

Chess project failure lands ASX $23.5m penalty

The Australian Securities Exchange will pay a $20.5 million penalty after admitting it mislead the market over the status of its Chess clearing systems replacement system and exposed market ...
The Australian

Australian Securities Exchange to pay $20.5m fine for misleading the market

Exchange operator ASX will pay a $20.5m fine and $3m of the regulator’s legal costs after the two sides agreed settlement terms at the eleventh hour. The deal was announced on Monday shortly before ...
The Australian Financial Review

ASX admits to misleading on CHESS, will pay $23.5m to close chapter

ASX Limited has settled litigation with the corporate regulator, admitting to making misleading statements over its bungled upgrade of the CHESS technology underpinning the equity market, as it looks ...
Motley Fool Australia

ASX settles ASIC lawsuit, updates on CHESS project and penalty

ASX settles ASIC case with a $20.5m penalty over previous CHESS project statements; CHESS upgrade remains a top focus. You’re reading a free article with opinions that may differ from The Motley ...