Corporate Information STP
What is the initiative?
ASX is proposing to improve the process for the capture and delivery of corporate information from listed entities to the market. This will be achieved by introducing straight through processing (STP) for key events.
Why is the initiative important?
Listed entities announce approximately 6,000 corporate actions per year, including dividends, entitlement offers and capital returns. There are also many changes related to listed entity data, including board and senior management, contact and share registry information. ASX is proposing to enhance the process of how listed entities make such announcements to achieve the delivery of clear, consistent, accurate, timely and informative data to the market.
Eloise Wett talks about improving communication of Corporate Actions and Listed Entity Data with STP
What is the background to this initiative? What are the objectives and benefits? Why is it important? How will the new process work? How can the industry get involved?