From financialnewswire.com.au: The RBA and ASIC have deemed the ASX non-compliant with operational risk obligations due to concerns over the reliability of the CHESS settlement system.

This assessment follows the failure of CHESS batch settlements and identifies serious issues that the regulators expect to be addressed urgently.

ASIC has mandated that ASX engage an expert for a technical review of CHESS to enhance its operational resilience and stability.