ASX admits to misleading on CHESS software upgrade, agrees to $14.5 million penalty
Lucian Nemoiu
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), subject to the Federal Court's approval. The Australian Securities & Investments Commission (ASIC), the country's corporate regulator, sued ASX in August 2024, alleging that statements made in 2022 about the previous Clearing House Electronic Subregister System (CHESS) project, which was scheduled
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