Australian Securities and Investments Commission
Copies Of Correspondence Between ASX And ASIC For The Period Of December 20 Through To December 31. This Correspondence Should Concern Discussions Between ASX And ASIC Over An Outage Of ASX On…
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Copies Of Correspondence Between ASX And ASIC For The Period Of December 20 Through To December 31. This Correspondence Should Concern Discussions Between ASX And ASIC Over An Outage Of ASX On December 20.
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On 20 December 2024, the ASX experienced a significant CHESS settlement system outage that forced deferral of all scheduled settlements until 23 December. The disclosure comprises meeting invitations and email correspondence between ASIC, the RBA, and ASX regarding regulatory updates on the incident. Multiple Microsoft Teams meetings were convened throughout the day (1:00 PM, 3:30 PM, and 4:15 PM) to coordinate regulator responses. An ASX representative notified attendees by 5:01 PM that settlements would be postponed and indicated further communications and a webinar would follow. The documents show the regulatory coordination mechanism activated during the market infrastructure failure, though most substantive details are redacted under Section 22 provisions. No enforcement action, penalties, or formal findings are indicated in the released excerpt.
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