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ASIC Sues ASX Over Misleading Information On Troubled Software Upgrade

ASIC pointed out that a week before the February update, ASX's audit and risk committee was informed about the project's "red" status. Despite the warning, ASX updated the public in February 2022 that the project was progressing well and would go live the next April. After serious lapses, the project was finally shelved in November 2022.

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