Powered by MOMENTUM MEDIA
subscribe to our newsletter

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”.

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.

Advertisement
Advertisement

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

PROMOTED CONTENT


>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”.

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

Latest News

Banks are too reliant on regulatory oversight to do what is right for borrowers, the big four boss has said. ...

There has been a surge in Melbourne residents migrating to regional Victoria, and an uplift in new housing approvals in Geelong, new researc...

ASIC reported a significant increase in the number of ACL and AFSL applications it received in the past year due to licensing reforms, inclu...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.