Tiger Brokers

ASX Submits Commitments to Boost Independence of Clearing, Settlement Functions to ASIC

MT Newswires Live
Feb 27

ASX (ASX:ASX) confirmed the submission of a commitments plan to the Australian Securities and Investments Commission (ASIC), including for the strengthening of governance and boosting the independence of the clearing and settlement functions, according to a Friday statement from the exchange operator.

ASX had committed in December 2025 to provide ASIC a plan on the delivery the strategic package of actions that were agreed after the ASIC inquiry's interim report.

The company plans to implement a new organizational model that establishes an expanded clearing and settlement division with dedicated resourcing in key areas.

The board plans to obtain independent assurance on the delivery of the reset Accelerate program, with the external assurer reviewing its progress against agreed milestones, the company said.

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