ASX Incompetent?, page-43

I have floated this idea years ago.It is obvious that firstly the ASX is lagging behind in adjusting its control of the market.The smarties are winning.

By the time ASIC become involved the evidence has disappeared.

What I have proposed before is an ASX company as an overseer of ASX companies ,the ASX and ASIC.

It's purpose would be as an active part of the market as a company therefore being required to follow market protocols etc.

It's revenue would come from listed companies ,from ASIC and from the ASX.

It would act as a proactive provider of information,advice,consultation,education,legal counsel ,investor feedback and media screening. .It's overall goal being to stay ahead of the curve as a proactive guidance for the market participants.

We need a dynamic other EYE to stay ahead of the game.

This would give certainty to all listed companies and provide proactive support to the ASX and ASIC rather than the reactive models we have at the moment.

ISX is a clear example of how this other EYE could have assisted in guiding ISX through the quagmire of uncertainty in developing a new Fintech model.

IMO