Ann: Response to ASX Query Letter, page-643

Cannot stressed enough - ISX does KYC on customers of OTC Market and all the others CFD’s, Forex companies. The European & Australian Government agencies are the ones who are screening these companies and gave them the licenses to operate. If all these companies are given licenses to operate, then ISX can do business with them. So if the government agencies are not doing their job, the fall guy should not be ISX but the government agencies themselves. Who gave OTC Market it’s license to operate? ASIC that’s who.