Press Release

Sydney, NSW – NSX Limited (ASX: NSX) welcomes the assessment by the Australian Securities and Investments Commission (ASIC) of its market operator obligations. An operator of stock exchanges is required by the Corporations Act to be licensed. The obligations imposed by the Market Licence are reviewed each year by ASIC to assess if those obligations are being adequately met. The assessment report released today states that NSX “continues to have adequate arrangements for supervising its market, including arrangements for:

• Handling conflicts of interest between its commercial interests and he need to ensure that the market operate in a fair, orderly and transparent manner;
• Monitoring the conduct of its participants in the market; and
• Enforcing compliance with both its listing rules and business rules.

In its assessment, ASIC has raised several recommendations where NSX can improve the management of its markets. NSX will continue to implement such improvements for both the Newcastle and Bendigo Exchanges. NSX has established its market as the pre-eminent stock exchange for small to medium enterprises with over 10 securities listed. The full report is available from the ASIC website http://www.asic.gov.au (markets section).