ASIC announced an investigation into the Australian Securities Exchange (ASX) on June 16 due to concerns about its financial infrastructure stability.
Three financial experts have been appointed to review the ASX's governance, risk controls, and system resilience.
The scrutiny heightened following the ASX's cancellation of a blockchain upgrade to its CHESS settlement system, leading to delays and legal action from ASIC.
The investigation aims to hold the ASX accountable for how it manages technological shifts and could impact its future approach to innovation and oversight.