APX has arrangements in place to identify and deal with conflicts between the commercial interests of APX and its obligation to do all things reasonably practicable to ensure a fair, orderly and transparent market. These include decision-making processes which are independent and transparent.
APX ROLE IN THE AUSTRALIAN MARKET AND SUPERVISION RESPONSIBILITIES.
It is important to note the difference between APX and other exchanges in Australia (other main licensed exchanges of Australia are the ASX and the NSX)
APX and the other exchanges in Australia are the same in respect to the Market license they are granted from ASIC. APX is the ‘regulator’ of its own markets within the rules and regulations as approved by ASIC. This means that like the other exchanges that regulate all the companies listed under their own exchange, APX regulates those listed under its in accordance with its own rules.
For all companies that become listed on the APX, the APX Listing Standards which is a separate listing standards to that of the other Australian exchanges, will be the set of rules that applies. Though with all Australian exchange licenses granted by ASIC and supervised by ASIC, the rules will bear underlying similarities, but APX listees should bear in mind that it needs to familiarise itself with the APX rules as these are the rules that they will be measured on more specifically for compliance.