Questions raised on ASIC’s handling of ASX report
A parliamentary committee has questioned the corporate regulator’s decision not to publicly release a report into the ASX’s major market outage in November 2020, following speculation that conclusions made by independent experts may affect ASIC’s ability to bring a case against the sharemarket operator for regulatory breaches.
In a hearing of the parliamentary joint committee on corporations and financial services on Friday, Liberal senator Paul Scarr suggested the public release of the report would “give more confidence” to market participants that gaps in the ASX’s technology capabilities were being addressed.
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