External oversight

ASIC

ASIC monitors and enforces ASX compliance with its legal obligations as a market licence holder and Clearing and Settlement facility licence holder.  ASIC must annually assess how well a licensed market operator or clearing and settlement facility operator is complying with these obligations, including the requirement to have adequate arrangements for handling conflicts between its commercial interests and its ability to ensure that its market is fair, orderly and transparent and that its clearing and settlement facility is provided in a fair and effective manner.  The outcome of the review is contained in the ASIC Annual assessment report of ASX, ACH and ASTC - May 2007 (PDF 104KB) and the ASIC annual assessment report for SFE, SFECC and Austraclear - September 2007.