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Australia's corporate regulator, on two consecutive days, addressed issues within the country's financial market practices. Initially, it issued a letter to general insurance firms, urging them to enhance their insurance claim practices. Following this, the regulator fined Australia's main securities exchange, ASX, for over eight thousand lapses in trade order transparency. This action against ASX was described as 'unprecedented' by Sky News Business Editor Ross Greenwood.
The ASX has been fined by corporate regulator ASIC in an “unprecedented” move, according to Sky News Business Editor Ross Greenwood. https://t.co/Lsq41NhtOi
Australia’s main securities exchange ASX was fined by the markets watchdog for more than eight thousand lapses in trade order transparency https://t.co/5JvWv7Qa4C
Australia's corporate regulator fines ASX, issues infringement notice https://t.co/6w1qVJ0rv3 https://t.co/scqHq1gwYC