I agree no big shots or any ASX be allowed to be A director or...

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hopper

2,068 Posts.

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04/12/19

16:02

Post #: 41793820
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Originally posted by itzgr82balive ↑

@hotmix87

25/11/19
20:17
Post #: 41623405

I think the bigger issue is that the ASX should not be allowed to enter into a business that is in direct competition to any of its listed companies that it is regulating. I have no issue in the ASX having a Distributed Ledger Technology (DLT- enhanced blockchain) specifically for CHESS, but I have a big issue with it competing for the banks' business against other businesses such as ISX for the KYC and KYCC space. The ASX should be required to stick to its core business or stop being a regulator.

It may be just coincidental that this big investigation of ISX is going on right at the same time that the banks are showing that they need a KYC and KYCC solution, but it really does not have a good look.

How can we trust any negative decision against ISX by the ASX when there is such a big advantage to it for ISX's integrity to be destroyed?

I have said it before, and will again, the ASX should NOT be requiring ISX to give them confidential business information because of this conflict of interest.

ISX should have been investigated last year regarding its performance shares, but it never should have been done (or be done) by the ASX as long as it is in a competing space.

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I agree no big shots or any ASX be allowed to be A director or executive no matter non executive with no voting right be allowed to be holding any position in a public listed company

Last edited by hopper: 04/12/19

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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