ASX admits to misleading statement on CHESS, will pay $20.5m penalty (opens original article in a new tab)

ASX admitted to a misleading statement regarding a 2022 technology upgrade and agreed to a $20.5 million penalty to settle with the Australian Securities and Investments Commission, along with $3 million in costs.

• ASX admitted to a misleading statement about a 2022 technology upgrade
• ASX agreed to a $20.5 million penalty to settle with ASIC
• ASX will also pay $3 million in regulator costs