ASX is currently considering iSignthis's response. Among the ASX's proposed changes is tightening the time companies can be suspended from trading, introducing a public censure of company executives and directors, mandating regular reporting and increasing disclosure requirements to shareholders.One of the changes the exchange made in 2016 was to automatically delist companies following three years of consecutive suspension, a rule they are now looking to tighten further to as little as a year. ASX:BIG suspended from trading Hi r/AusFinance , I have about $2k invested in BIG. Companies must release quarterly cash flow statements and annual reports. According to the Australian Stock Exchange Listing Rules a company may be suspended from quotation: 1. "The problem we're finding is you end up punishing the wrong people," he said. The S&P/ASX 200 (INDEXASX: XJO) is Australia’s leading share market index and contains the top 200 ASX listed companies by way of float-adjusted market capitalisation. ASX has also been increasing scrutiny of companies proposing to list on the local market.The reasons companies are delisted include failing to lodge accounts, corporate governance problems, failure to respond to ASX queries, breaches of listing rules and long-term suspension of shares.Chief compliance officer Kevin Lewis says the ASX is cracking down on rule-breaking companies. View companies that have been removed from ASX's official list during the last 6 months. Of these, 70 have been suspended for more than 12 months and a small number have been suspended …
"We're proposing to tighten that three years to two years, with a rider that if the reason you've been suspended is because you have failed to file accounts [it] is actually going to be one year," Kevin Lewis, ASX chief compliance officer, said. ASX Listed Companies. "The rule changes are a part of it but just more generally we've been very proactive in calling some of our listed companies to account for some of their behaviour. About 150 ASX companies are suspended from quotation at any one time. "The presumption that underlies the differentiation between two years and one year is that if you haven't filed accounts you've either got something to hide or you can't afford to pay your auditors. Strong Buy SUSPENDED TRADING HALT: SHOW ALL COMPANIES HIDE COMPANIES About. A list of 129 Retail, Consumer Durables, Hospitality, Automobile, Casino & Gaming Companies listed on the Australian Stock Exchange. A report by the market operator into troubled tech group iSignthis, including its findings and proposed actions, is expected to be released late next week.The ASX said on Thursday that it had agreed not to publish its final report into iSignthis until a court hearing on February 7 over the group's suspension from trading.The ASX said it was still considering iSignthis' response to its draft findings and proposed actions related to iSignthis's alleged lack of adherence to listing rules.Sources close to iSignthis said the group had disputed elements of ASX's initial findings and proposed measures and was concerned the draft report included errors.iSignthis provides customer verification and payment services to clients such as contracts for difference (CFD) providers so they can meet "know your client" requirements under anti-money laundering regulations.The ASX said in an announcement on Thursday that it had granted an extension to iSignthis to respond to its draft report after a request from the technology company. You can review all listed companies, their ASX or NSX codes and their status (as to whether they are suspended from quotation or not) by clicking on this link: "Mr Lewis also cited the action taken against companies like Hardey Resources, Manalto and Victory Mines The ASX also delisted Perth-based exploration minnow Capital Mining after "We've just removed it from the official list, having now addressed some pretty poor behaviour by some of their former directors and some questionable conduct that happened in their administration," Mr Lewis said.The exchange said increasing their scrutiny of companies much earlier in the listing process could mean fewer delistings would be needed in the future.