Australian Securities Exchange Ltd (ASX) announced on Monday the appointment of Daniel Moran as the Chief Compliance Officer in a permanent capacity, effective from 1 January 2023. He has been acting in the role of CCO since October 2022, after the stepdown of Janine Ryan.

As well as assuming the CCO role in a permanent capacity, Moran resigned as the Company Secretary of ASX, a position he has held for the last five years. According to his Linkedin profile, he became ASX’s Group General Counsel and Company Secretary in November 2017.

ASX Names New Compliance Chief, Daniel Moran

To replace Moran, ASX appointed two Company Secretaries, Johanna O’Rourke and Lucy Barnett. Both of them took over the role in an acting capacity last October. O’Rourke remains responsible for communicating with the Aussie financial market regulator for matters with listing rules.

Moran has been a part of Australia’s primary securities exchange for about 13 years. He first joined ASX in February 2010 as the Deputy General Counsel of Corporate. He started his career at Herbert Smith and later became a Senior Associate and Solicitor at Sydney-based Freehills.

Now, in ASX’s top compliance Compliance In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a In finance, banking, investing, and insurance compliance refers to following the rules or orders set down by the government regulatory authority, either as providing a service or processing a transaction. Compliance concerning finance would also be a state of being following established guidelines or specifications. This designation can also encompass efforts to ensure that organizations are abiding by both industry regulations and government legislation. Understanding ComplianceCompliance is a Read this Term role, he oversees the admission of new entities, quoting new products on the Aussie equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term market, and monitoring and enforcing compliance rules, among others.

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Spotlight on ASX as it Enters New Era in Regulation

Meanwhile, ASX is in the process of replacing its 25-year-old legacy clearing system, CHESS, with a blockchain-based alternative and is under heavy regulatory scrutiny. The stock market operator has already pushed back the deadline for implementing the new infrastructure multiple times.

Furthermore, ASX has witnessed several other changes in its top management in several months. Gillian Larkins, its former Chief Financial Officer, left the exchange last August. Moreover, ASX’s long-running CEO, Dominic Stevens, was succeeded by Helen Lofthouse in August. Other key departures include the exchange’s Group Executive of Listings, Max Cunningham, who departed last April.