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(Reuters) - Australia's corporate regulator said on Wednesday it was suing the country's bourse operator ASX Ltd for making misleading statements regarding the replacement of its trading platform Clearing House Electronic Subregister System (CHESS).
The Australian Securities & Investments Commission (ASIC) alleged ASX's statements that claimed the replacement of the CHESS remained "on-track for go-live" in April 2023 and was "progressing well" were misleading.
ASIC alleged the statements were ...
>>> Read more: Australia regulator sues ASX over 'misleading' software upgrade statements
The Australian Securities & Investments Commission (ASIC) alleged ASX's statements that claimed the replacement of the CHESS remained "on-track for go-live" in April 2023 and was "progressing well" were misleading.
ASIC alleged the statements were ...
>>> Read more: Australia regulator sues ASX over 'misleading' software upgrade statements
