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The Times

Australia’s corporate watchdog is suing our largest stock exchange. What’s going on?

  • Written by Michael Adams, Professor of Corporate Law & Academic Director of UNE Sydney campus, University of New England

The Australian Securities Exchange (ASX) is unusual in the world of finance.

It is the operator of Australia’s largest stock exchange, and as such is “required to ensure that each of its licensed markets is fair, orderly and transparent”.

At the same time, it is itself a public company listed on that very exchange. It’s as...

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