ASX:ASXCapital Markets
What ASX (ASX:ASX)'s Federal Court Penalty for Misleading CHESS Disclosure Means For Shareholders
In early July 2026, the Federal Court ordered ASX Limited to pay a A$20.50 million penalty, plus A$3.00 million in ASIC costs, after the exchange admitted its February 2022 statement that the CHESS replacement project was "progressing well" was misleading given subsequent delays, a A$245–A$255 million derecognition of project costs, and a later project reset.
The ruling underscores that, as operator of critical market infrastructure, ASX is expected to set a high benchmark for accuracy and...