A new agreement to improve the efficiency of market supervision by minimising overlap and increasing regulatory cooperation has been signed by the Australian Securities and Investments Commission (ASIC) and the Australian Stock Exchange (ASX).

The new Memorandum of Understanding (MOU) recognises that ASIC and ASX have complementary roles in relation to the oversight of the market and clearing and settlement facilities offered by ASX, and the conduct of brokers and listed entities. The new MOU replaces three existing MOUs entered into by the then Australian Securities Commission and the ASX between 1992 and 1997.