Chart, page-273

It should be noted that ASX cannot fine, or impose any other criminal or civil penalties on, a listed entity for breaching the listing rules. If a listed entity fails to comply with its obligations under the listing rules, ASX’s primary sanction is to suspend trading in its securities15 until it does comply. In an extreme case, ASX has the ultimate sanction of removing the entity from the official list.16 Suspension and removal are not sanctions that ASX imposes lightly, since they have a significant impact on investors by taking away their ability to buy or sell securities in the entity on the ASX market. However, they are sanctions that ASX will impose in an appropriate case if ASX considers that to be in the interests of the broader market.Not all breaches of the listing rules by a listed entity will warrant corrective action by Listings Compliance. For less serious breaches, Listings Compliance may simply: send a formal warning letter to the listed entity acknowledging the breach and noting that ASX is likely to take further action if the breach is repeated or if the listed entity does not implement steps to avoid the breach being repeated; or send a “no escalation” letter to the listed entity acknowledging the breach but indicating that ASX does not intend to take the matter further.