The Federal Court has ordered ASX Limited (ASX) to pay a $20.5 million penalty for its misleading statement about the progress of its CHESS replacement project. The penalty decision follows ASX's ...

The penalty is not a surprise, after the exchange operator conceded in June it deceived the market when it published an update in February 2022 that the project was “progressing well” and an April ...

June 15 : Australia's ASX admitted to making misleading statements regarding the progress of a troubled software upgrade on Monday, while agreeing to pay a penalty of A$20.5 million ($14.50 million), ...

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 ...

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 ...

ASX to pay A$20.5 million penalty Admits to making misleading claims over CHESS replacement in 2022 ASX to recognise proposed penalty amount as non-recurring significant item in FY26 June 15 (Reuters) ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Asic commenced civil proceedings against ASX in August 2024 in ...

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 ...

How do you convince one of the world’s biggest football stars to invest in a chess project with ambitions of reaching Dubai? For Kjell Madland, the answer began with a long-shot dream. Speaking ...

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