ASX Limited - Independent Expert Assessment of ASX’s Actions to address the IBM Review Recommendations - November 2022

Sep 12, 2026

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Independent Expert Report assessing ASX Limited’s actions against the IBM Review Recommendations, based on evidence from ASX’s commissioned materials. The report is strictly limited to information and use by ASX and its regulators ASIC and the RBA, and disclaims any responsibility or liability for reliance by other parties. It provides an executive summary of progress for a specific quarter, including closure of carryover actions, and describes monitoring and findings, supported by workshops, interviews, questionnaires, and reviewed documentation.

LanguageEnglish

CategoryGeneral

FormatPDF

Pages64

Reading Time22 min

AccessFree to download

Executive Summary

Reporting summary for quarter

Introduction

Background

Scope

Approach

Limitations

Use and disclosure of our reports

Monitoring of Partially Addressed Recommendations and ASX Actions

Previous quarterly review periods

Design Adequacy Report

Our Findings

Appendix A Recommendation review workshops list

Appendix B Interviewed ASX stakeholders list

Appendix C Recommendations Questionnaire submitted to ASX post SMR documentation review

Appendix D Documents reviewed

Appendix E Status summary of all 59 Recommendations

Appendix F Release Notice

ASX Limited Independent Expert Assessment of ASX’s Actions to address the IBM Review Recommendations November 2022 LIMITATION The findings contained in this Independent Expert Report are based on the findings of the report prepared at the request of ASX Limited solely for the purpose of providing an Independent Assessment of ASX’s Actions to address the IBM Recommendations , and is not appropriate for use for other purposes. This report is provided for information purposes only in order to provide details of the findings reported to the ASX Limited and should not be taken as providing specific advice on any issue, nor may this be relied upon by any party other than ASX Limited and ASX’s regulators ASIC and the RBA. In carrying out our work and preparing this report Ernst & Young has worked solely on the instructions and information of ASX Limited, and has not taken into account the interests or individual circumstances of any party other than ASX Limited and ASX’s regulators ASIC and the RBA. Ernst & Young does not accept any responsibility for use of the information contained in this report and makes no guarantee nor accept any legal liability whatsoever arising from or connected to the accuracy, reliability, currency or completeness of any material contained herein. Ernst & Young expressly disclaims all liability for any costs, loss, damage, injury, or other consequence which may arise directly or indirectly from the use of, or reliance on, this Report. Use of this report by any party other than ASX Limited and ASX’s regulators ASIC and the RBA is subject to the terms of the Release Notice contained within Appendix F. Table of contents 1. Executive Summary ..................................................................................................................................................................................... 2 2. Introduction ................................................................................................................................................................................................ 5 2.1 Background ........................................................................................................................................................................................... 5 2.2 Scope ................................................................................................................................................................................................... 5 2.3 Approach .............................................................................................................................................................................................. 5 2.4 Limitations ............................................................................................................................................................................................ 6 2.5 Use and disclosure of our reports ............................................................................................................................................................ 7 3. Monitoring of Partially Addressed Recommendations and ASX Actions ............................................................................................................. 8 3.1 Previous quarterly review periods ........................................................................................................................................................... 8 3.2 Design Adequacy Report ...................................................................................................................................................................... 11 4. Our Findings.............................................................................................................................................................................................. 12 Appendix A Recommendation review workshops list ............................

FAQs

What is the purpose and scope of this Independent Expert Assessment?

The assessment evaluates ASX Limited’s actions to address the IBM Review Recommendations for a defined period, based on findings from ASX’s commissioned report materials.

Who is allowed to rely on the report, and what are the limitations?

The report is for information purposes and should not be relied upon by parties other than ASX Limited and its regulators ASIC and the RBA, with explicit disclaimers of responsibility and liability.

What progress did ASX make during the quarter covered by the executive summary?

ASX continued progress toward implementing the IBM Review Recommendations and finalised and closed two (2) carryover actions from prior quarterly reviews.

Sep 12, 2026

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