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ASX Compliance

ASX Compliance Pty Limited is a wholly-owned subsidiary within the ASX Group that provides compliance and enforcement services to the various ASX Group entities that hold licences under the Corporations Act to operate markets or clearing and settlement facilities.

ASX Compliance has delegated authority to make certain compliance and enforcement decisions on behalf of the relevant ASX licensee under its operating rules. It also provides other services to ASX Group entities as necessary so that:

  • in the case of a market licensee, it has adequate arrangements for monitoring and enforcing compliance with its operating rules (as required by s792A of the Corporations Act); and
  • in the case of a clearing and settlement facility licensee, it has adequate arrangements for enforcing compliance with its operating rules (as required by s821A of the Corporations Act).

ASX Compliance has a separate Board of Directors to other ASX Group entities. All directors of ASX Compliance are independent non-executive directors, including directors who are not also directors of ASX Limited.

Rick Holliday-Smith, who is also chairman of ASX Limited, is the chairman of ASX Compliance.

Kevin Lewis, Group Executive and Chief Compliance Officer, heads the ASX Compliance function and, in that capacity, reports directly to the ASX Compliance Board.

ASX Compliance is divided into three functional units:

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