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ASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was "progressing well" was misleading.
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Australia
Who
ASX Ltd, ASIC, Sarah Court, Federal Court
What
ASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was "progressing well" was misleading.
When
Sun, 14 Jun 2026 21:40:20 GMT · 4h 50m ago
Where
Australia ·
Why
The CHESS replacement project was internally classified as "red" by December 21, 2021, due to significant unresolved risks, despite ASX's public statements.
The Frontline Impact
How this affects you
The admission by ASX and the proposed penalty to be considered by the Federal Court could affect confidence in Australia's financial markets, as accurate disclosures are crucial for market trust.
Story chain
3 events in this thread- Currently Reading4h 50m agoASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was "progressing well" was misleading.
- Markets4h 50m agoSharemarket operator ASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was “progressing well” was misleading.Open article
- Markets4h 50m agoSharemarket operator ASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was "progressing well" was misleading, exposing market participants to financial harm.Open article