The corporate regulator has launched an investigation into the failure of a critical ASX platform in the week before Christmas that restricted the settlement of trades made on the bourse for days.
The ASX confirmed the investigation in a brief note to investors. The Australian Securities and Investments Commission is making inquiries into whether its settlements subsidiary breached corporations laws.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
