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Showing 1 - 10 of 14 results for "ASX Settlement"

ASX awards settlement, clearing mandate

KARREN VERGARA  |  MONDAY, 20 NOV 2023
... needs of the Australian market now and into the future". "It can satisfy the licence obligations of ASX Clear and ASX Settlement and is capable of supporting potential new services and innovation from ASX or other providers," the ASX said, noting that ...

Experience pathway enshrined in legislation

KARREN VERGARA  |  FRIDAY, 8 SEP 2023
... the clearing and settlement of cash equities traded in Australia, which is dominated by the ASX's ASX Clear and ASX Settlement. ASIC now has new rule-making power to facilitate competitive outcomes in the provision of clearing and settlement service ...

ASIC, RBA set high expectations for ASX

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2023
... regulators. The Advisory Group, led by chair Alan Cameron, will oversee several issues incurred by ASX Clear and ASX Settlement following longstanding industry concerns over the botched CHESS replacement program. ASIC and the RBA expect the ASX to "consult ...

ASX appoints former ASIC chair to lead advisory group

CASSANDRA BALDINI  |  THURSDAY, 3 AUG 2023
... Following the roundtable, ASIC said it's prepared to use a range of regulatory options to ensure that ASX Clear and ASX Settlement adhere to the regulators' expectations with respect to the advisory group. Longo said a letter penned by ASIC and ...

Review forces ASX to fix intra-group conflicts

KARREN VERGARA  |  MONDAY, 31 JUL 2023
... conflicting commercial interests among the parent company as a listed entity and its subsidiaries, ASX Clear and ASX Settlement, with respect to the current governance of CHESS and its long-drawn-out replacement. HSF was tasked by the Reserve Bank of ...

ASIC investigates CHESS replacement blunder

KARREN VERGARA  |  WEDNESDAY, 29 MAR 2023
... an investigation into the ASX's botched CHESS replacement program. The ASX, its subsidiaries ASX Clear and ASX Settlement, and responsible directors and officers are under scrutiny for their role in failing to replace the settlements system and the ...

Regulators urge ASX to maintain CHESS

ANDREW MCKEAN  |  THURSDAY, 15 DEC 2022
... Meanwhile, the RBA issued a letter of expectations to the boards of ASX Limited and its affiliates ASX Clear and ASX Settlement regarding the current CHESS and its replacement. This supplemented a joint letter of expectations ASIC and the RBA issued ...

ASIC enforces licence conditions on ASX

ANNABELLE DICKSON  |  WEDNESDAY, 24 NOV 2021
... have been imposed on the market licence of ASX Limited, and the clearing and facility licence of ASX Clear and ASX Settlement. The conditions on the market licence address underlying issues in ASX operations that led to the outage in November 2020 and ...

RBA, ASIC provide CHESS guidance

ALLY SELBY  |  FRIDAY, 2 OCT 2020
... new system. ASIC and the RBA are co-regulators of licensed clearing and settlement facilities, with ASX Clear and ASX Settlement both required to ensure that their services are provided in a fair and effective way. "ASIC believes the Australian financial ...

ASX director retires

ALLY SELBY  |  WEDNESDAY, 30 SEP 2020
... will also remain a director of the exchange's intermediate holding companies, ASX Clearing Corporation and ASX Settlement Corporation. Warne is currently the chair of Macquarie Group, a role which he has held since 2016 having served as a director ...
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