• Implementing comprehensive Commitments Plan to address Inquiry findings
• Strengthening governance and enhancing independence of clearing and settlement facilities
• Resetting Accelerate Program, uplifting leadership capability, and meeting additional capital charge

ASX is progressing a comprehensive plan following the conclusion of the ASIC Inquiry as it moves to the next phase of its transformation. ASIC commenced its Inquiry into ASX in June 2025, focusing on governance, capability and risk management frameworks and practices across the group. The Final Report from the independent Panel was released, and ASIC referenced the strategic package of actions published on 15 December 2025 as the key result of its licence assessment. ASX is committed to addressing the Inquiry reports by implementing its Commitments Plan. The focus areas include strengthening governance and enhancing independence of the clearing and settlement facilities, conducting a strategic reset of the Accelerate Program, uplifting leadership capability, and meeting an additional capital charge of $150 million imposed by ASIC. The reset of the Accelerate Program must be agreed with ASIC and the RBA by 30 June 2026. ASX Chair David Clarke acknowledged the Panel's findings and the need for fundamental changes, including addressing a defensive and insular culture. ASX Managing Director and CEO Helen Lofthouse stated that the company has set clear objectives and plans for how it must continue to transform, with confidence to be earned over time through the safe and efficient operation of its infrastructure, disciplined delivery of the CHESS project, and clear evidence that it has addressed the barriers to change identified by the ASIC Inquiry.

ASX is reconfirming its capex guidance of between $170 million and $180 million in FY26 and between $160 million and $180 million in FY27. The majority of the capex relates to the major technology projects under its modernisation plan. ASX is currently undertaking its annual planning process, which will include an assessment of future investments considering its strategy refresh, innovation goals, the findings from the Panel reports, and its customers' needs. ASX expects these investments to be primarily incurred in FY28 and beyond.

ASX is taking action to address the findings of the ASIC Inquiry, including strengthening governance, enhancing independence of clearing and settlement facilities, resetting the Accelerate Program, uplifting leadership capability, and meeting an additional capital charge. The company is committed to transforming and earning confidence over time through the safe and efficient operation of its infrastructure, disciplined delivery of the CHESS project, and clear evidence that it has addressed the barriers to change identified by the Inquiry.