Independent Oversight
Proposed governance structures support independent review of market functions.
A STRONGER, MORE OPEN CAPITAL MARKET
Governance
Independent oversight for a fair, transparent and trusted market.
IDSX is developing a governance framework intended to protect market integrity, support independent decision-making and promote consistent treatment of issuers, participants and investors.
TRUSTCONNECTSCAPITALGLOBALLY
Clear Accountability
Defined responsibilities and transparent decision processes.
Conflict Management
Policies identify, manage and mitigate conflicts of interest.
Market Integrity
Oversight supports fair, orderly and transparent markets.
OUR APPROACH
Our Governance Framework
The proposed framework separates strategic oversight from market operation and assigns clear responsibilities across core functions.
A TRUSTED FRAMEWORK FOR A STRONGER TOMORROWBoard of DirectorsStrategic oversight, governance and accountability
Market Governance & Regulatory OversightIndependent oversight function
Listing & Issuer OversightAdmission, continuing obligations and issuer compliance
Market Supervision & EnforcementMarket surveillance, investigations and disciplinary action
Technology, Risk & OperationsTechnology resilience, operational risk and business continuity
KEY AREAS
Governance in Practice
The proposed governance framework is supported by policies, independent processes and ongoing oversight.
Board Responsibilities
- Strategic oversight of IDSX and its long-term development
- Approval of key rules, policies and material decisions
- Oversight of senior management and regulatory functions
- Risk management framework and risk appetite
- Escalation of material conflicts of interest
Regulatory Independence
- Separation of commercial and oversight functions
- Independent and consistent decision-making
- Participant and issuer neutrality
- Protection from undue influence
- Direct access to the Board
Conflicts of Interest
- Disclosure of actual and potential conflicts
- Recusal from affected decisions
- Independent review and escalation where appropriate
- Information barriers and access controls
Decision-Making Authority
- Admission, suspension and resumption of listings
- Participant authorisations and restrictions
- Rule waivers and exemptions
- Investigations and enforcement action
- Delegated authorities with clear limits
Market Oversight
- Surveillance of trading activity and market behaviour
- Monitoring for manipulation and abusive practices
- Oversight of market-maker obligations
- Review of disclosure and information compliance
Rule Governance
- Proposal and development of new rules
- Internal review and stakeholder consultation
- Legal and regulatory review
- Board approval and publication
- Effective dates and transition arrangements
Accountability & Review
- Regular internal and external review of governance arrangements
- Reconsideration processes for affected parties
- Clear appeal pathways
- Preservation of rights and obligations
FURTHER INFORMATION
Related Documents
Rules and procedures relevant to the proposed IDSX governance framework.
IDSX is in the planning, technology development and regulatory preparation stage. This page describes a proposed governance model; it does not represent that IDSX has commenced regulated market operations or that any proposed oversight body is currently established.