Market operator ASX Limited has hit back at the corporate regulator and mounted a strident defence to ASIC’s claims it misled the market in February 2022 about the status of its clearing and settlement system upgrade before the project collapsed later that year.
In a document filed in the Federal Court on Friday, ASX denied that statements the company made in its half-year result materials on February 10, 2022 contravened the corporate law.
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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
