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Markets1h 53m ago

ASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was "progressing well" was misleading.

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 · 1h 53m 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
  1. Currently Reading1h 53m ago
    ASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was "progressing well" was misleading.
  2. Markets1h 53m ago
    Sharemarket operator ASX Ltd has admitted that its February 10, 2022 market announcement stating the CHESS replacement project was “progressing well” was misleading.
    Open article
  3. Markets1h 53m ago
    Sharemarket 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

Verified Sources & Citations

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