A high-growth/low-inflation economy and robust political and economic institutions have helped Australia rank as the 14th largest economy in the world and the 4th largest in the Asia Pacific region.
ASX Group offers primary market and trading services through the Australian Securities Exchange, clearing through ASX Clearing Corporation and settlement and depository services through ASX Setttlement Corporation.
ASX Group recognises that its ability to achieve its commercial and operating goals is dependent upon the value its services deliver to customers. This section describes those services.
Underpinning ASX Group's long-term success as a market operator and provider of clearing and settlement services is its ability to reliably and fairly provide high-quality, high-performance systems and processes.
ASX Compliance oversees ASX Group's obligations as a market operator and clearing and settlement facility operator. This section contains all rules, notes and waivers pertaining to markets operated by ASX Group.
A searchable repository of documentation, speeches and announcements relevant to ASX shareholders, market participants, the media, and the general public.Listings Compliance
Applications for admission to the ASX Official List
Enquiries about listing on ASX can be directed to a Listings Compliance representative in any ASX office (contact details below) or by emailing listings@asx.com.au.
For further information about an ASX listing, go to http://www.asx.com.au/professionals/listing/index.htm.
Applications for quotation of warrants and AQUA products
Enquiries about having a warrant or AQUA product quoted on ASX can be directed to a Warrants and AQUA representative in the Sydney office or by emailing listings@asx.com.au.
For further information about ASX's warrants and AQUA product markets, go to http://www.asx.com.au/professionals/quoting_investment_products/index.htm.
Monitoring and enforcing compliance
Listings Compliance plays a key role in monitoring and enforcing compliance with the ASX Listing Rules and with the ASX Operating Rules that govern the quotation of warrants and AQUA products.
Listings Compliance allocates a dedicated Listings adviser to each listed entity. A key part of the adviser’s role is to establish and maintain a good working relationship with the relevant officers of the listed entity and to become knowledgeable about the entity and its history and operations. Experience has shown that such relationships and knowledge are critical in ensuring effective communication and facilitating appropriate and timely compliance outcomes.
The requirement for listed entities to disclose material information in a timely manner is particularly important to the orderly conduct and reputation of ASX’s markets. Listings Compliance also has a dedicated Surveillance team which uses sophisticated technology systems to monitor trading in listed securities to identify situations where trading may be taking place and the market is not reasonably informed. Where such situations are identified, a Listings Compliance adviser will contact the listed entity to explore whether it is in possession of information that ought to be announced to the market.
ASX Listing Rules Guidance Note 8: Continuous Disclosure (PDF 199KB) has further details about ASX's continuous disclosure regime.
In an appropriate case, ASX may waive compliance with a Listing Rule or with an Operating Rule governing the approval of Warrants Issuers and AQUA Product Issuers. Waivers are published by ASX periodically in a waivers register and are also advised to ASIC. Copies of waivers granted can be viewed by clicking on the wiavers tab on the Listing Rules, Guidance Notes and waivers page.
Applications for a waiver of these rules should be addressed to Listings Compliance (contact details below).
ASX Listing Rules Guidance Note 17: Waivers from ASX Listing Rules (PDF 96KB) and ASX Operating Rules Guidance Note 16: Waivers of ASX Operating Rules - Warrant Issuers and AQUA Product Issuers (PDF 100KB) set out further information on how decisions are made in relation to waiver applications.
Listed Entities Updates
Listings Compliance publishes Listed Entities Updates by email to advise listed entities of market developments, including proposed changes to ASX Listing Rules and Guidance Notes, and to provide guidance on topical or emerging compliance issues.
Listed Entities Updates will be of interest to:
- company secretaries
- communications/investment relations managers
- general counsel
- local agents for foreign companies.
Listed entities can have Listed Entities Updates sent to staff members simply by entering their email details in the "Your Details" section on ASX Online. They will automatically be added to our subscription list.
Other persons (such as lawyers and other professional advisers) interested in receiving Listed Entities Updates can ask to be added to the subscription list by emailing listings@asx.com.au.
Past editions of Listed Entities Updates can be viewed here.
Contact details
Listings Compliance can be contacted at:
|
Exchange Centre |
Phone |
(02) 9227 0000 |
|
Level 4, Rialto North Tower |
Phone |
(03) 9617 8611 |
|
Level 8, Exchange Plaza |
Phone |
(08) 9224 0000 |