Australian Securities Exchange
The Australian Securities Exchange (ASX) was formed in 1987 and is one of the world’s leading financial market exchanges. It offers a range of services, including listing, trading, clearing and settlement of equities, derivatives, and future- and fixed-interest securities. It has branches in Sydney, Melbourne, Perth, Chicago, Hong Kong and London.
The ASX creates, monitors and enforces its own listing, operating and settlement rules for ASX-listed entities. It does this through its ASX Compliance division, which has the authority to make certain compliance and enforcement decisions.
The ASX has also created the ASX Corporate Governance Council, which brings together business, shareholder and industry groups to recommend the best corporate governance practices for ASX-listed entities.
In addition to the ASX, ASIC and the Reserve Bank of Australia (RBA) have powers to oversee and enforce the laws and regulations that generally govern financial markets in Australia.