ASIC has come under fierce criticism for its inability or unwillingness to prosecute breaches of continuous disclosure.

ASIC has come under fierce criticism for its inability or unwillingness to prosecute breaches of continuous disclosure. In April 2016, the AFR (see article) reported that Chi-X was seeking exemptions from continuous disclosure for US companies listing on its platform. The ASX tried and failed in a similar move in 2012 because ASIC was concerned US companies would not be subject to our CDR. Two members of ASIC are discussing the implications of this news and hold opposing views.