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Stock of the day

ASX Limited

ASX Limited shares drop 6% after ASIC imposes $150 million capital charge, citing governance failures and stalled technology transformation.

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This video was created on 15 December 2025 for IG audiences by ausbiz.

ASX code: ASX

ASX Limited hit by $150 million ASIC capital charge

ASX Limited shares slid after the Australian Securities and Investments Commission (ASIC) announced it will impose a $150 million capital charge following an interim review of the exchange’s governance and operations. ASIC said ASX’s focus on short-term financial performance had compromised its responsibilities as critical national market infrastructure, identifying weaknesses in oversight, technology delivery and risk management.

ASX has agreed to remedial actions, including reconstituting its clearing and settlement boards, strengthening service-level standards and resetting its stalled technology transformation. To fund the reforms, the company confirmed it will lower dividend payouts.

Regulatory pressure weighs on shares

Shares were down about 6% by midday in Sydney, among the weakest performers on the local market. 

The capital charge and governance reset add to a challenging period for ASX, which has faced growing scrutiny over its operational resilience and delivery of critical systems.

Investment outlook

ASX has been in a clear downtrend since July, falling from around $72 to near $54, a key support level last tested in late October. A break below this level could signal further downside.

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