The Corporate Disclosure Co-Regulatory Model: Dysfunctional and Rules in Limbo

(2009) 37 Australian Business Law Review 75

UWA Faculty of Law Research Paper

8 Pages Posted: 15 Jan 2014

See all articles by Gill North

Gill North

Deakin University, Geelong, Australia - Deakin Law School

Date Written: 2009

Abstract

Issues around potential or actual conflicts of interest of the Australian Securities Exchange (ASX) as a monopoly market operator and market co-regulator have received considerable academic and media attention. However, there are other significant issues arising from the co-regulatory framework that have not been discussed in the public arena. The ASX disclosure listing rules are integral to an informed market. However, these rules might best be described as in limbo. Neither the ASX nor the Australian Securities and Investments Commission seem to be responsible for administering or enforcing the rules as stand-alone regulation. Policy clarification is therefore sought on the status of the ASX listing rules and the extent to which these rules can be, and are in fact, monitored and enforced within the current regulatory structure.

Suggested Citation

North, Gill, The Corporate Disclosure Co-Regulatory Model: Dysfunctional and Rules in Limbo (2009). (2009) 37 Australian Business Law Review 75; UWA Faculty of Law Research Paper . Available at SSRN: https://ssrn.com/abstract=2379304 or http://dx.doi.org/10.2139/ssrn.2379304

Gill North (Contact Author)

Deakin University, Geelong, Australia - Deakin Law School ( email )

221 Burwood Highway
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Burwood, Victoria 3125, Victoria 3125
Australia

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