ASIC: Calls on industry to continue to improve resilience during market outages
- ASIC is calling on market operators and participants to continue to implement its expectations to improve the resilience
- Expectations for the industry in responding to a market outage (REP 708) in response to the ASX equity market
- Market operators and participants are required to implement the expectations to maintain compliance with their obligations
- There have been some delays for market participants due to uncertainty about how the market operators may respond
- ASX’s consultation paper (the first of three) on its proposed improvements should help to address some of this uncertainty
- Expectations on market outages coincide with other important changes in the industry, including CHESS replacement
