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An Australian regulator is alleging that ASX misled the industry about a project to replace CHESS.
The Australian Securities and Investments Commission (ASIC), the securities industry regulator for Australia, is taking exchange operator the Australian Securities Exchange (ASX) to court over allegations that ASX officials made “misleading statements related to its Clearing House Electronic Subregister System (CHESS) replacement project.” The case was filed in the Federal Court of Australia on Aug....
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