Under the Corporations Act, as a licensed operator of financial markets, ASX is obliged to have adequate arrangements for monitoring and enforcing compliance with the operating rules of those markets. It is also obliged, as a licensed operator of clearing and settlement facilities, to have adequate arrangements for supervising those facilities and for enforcing compliance with their operating rules.
The attached document summarises recent enforcement activity by ASX against Merrill Lynch Equities (Australia) Limited with respect to particular contraventions of the ASX Settlement Operating Rule
For your information only
Daniel Moran, Chief Compliance Officer
Michael Bridge
Senior Manager, Enforcement
131 279
+61 2 9338 0000 (from Overseas)
Enforcement@asx.com.au