Powered by MOMENTUM MEDIA
subscribe to our newsletter
Regulator rubber stamps ASX listing rules

Regulator rubber stamps ASX listing rules

ASIC has released a report that concludes the ASX has met its statutory obligations for listing standards.

In a report titled Assessment of ASX Limited’s listing standards for equities, ASIC explained the importance of strong, fit-for-purpose listing requirements, given such listings are “critical to the integrity of the Australian equities market”.

The corporate regulator noted that the ASX had only 200 fewer listings than the New York Stock Exchange, and that “around a third” of all adult Australians own shares, making listing standards “particularly important”.

Advertisement
Advertisement

ASIC commissioner Cathie Armour said the ASX had a “key role to play” in the Australian market since it encompasses a “vast majority” of Australian listed entities.

“Effective listing standards support the Australian equity market to fund growth and innovation which, in turn, promotes the wealth and prosperity of all Australians,” she said.

The report identified a number of “ongoing developments” in the global economy which require a “forward-looking and proactive” approach.

These include globalisation, changing business cycles, competitive pressure on listing standards and new, disruptive technologies.

ASIC concluded that the ASX’s recent changes to listing standards “met its statutory obligations” and noted “a number of good practices” which could assist other Australian listing markets.

[Related: eChoice to delist from ASX]

Regulator rubber stamps ASX listing rules
mortgagebusiness
  • 23
    Days
  • :
  • 07
    Hours
  • :
  • 54
    Minutes
  • :
  • 01
    Seconds

EARLY BIRD CLOSING SOON
Have you secured yours?

Latest News

Stagnant housing market activity is expected to prolong the stay of borrowers in arrears, with the forecast fall in home values to be among...

The non-bank sector is expected to “lead the way” in 2019, after issuing more than 60 per cent of new home loans in 2018, according to S...

The volume and value of new residential buildings fell in the September quarter 2018, reflecting the “softening” housing market the HIA ...

FROM THE WEB
podcast

LATEST PODCAST: How a softening property market will impact the mortgage sector

Is enough being done to ensure responsible lending?