Dec 21 (Reuters) - Australian Securities and Investments Commission:
* PROVIDES UPDATE ON REVIEW OF NOVEMBER ASX TRADE OUTAGE
* STARTED INVESTIGATION INTO WHETHER ASX MET ITS OBLIGATIONS UNDER ITS AUSTRALIAN MARKET LICENCE
* INFORMED ASX OF EXPECTATION THAT AN INDEPENDENT REVIEW BE CONDUCTED IN H1 2021
* CONCERNED SOME PARTICIPANTS DID NOT APPEAR TO HAVE BUSINESS CONTINUITY ARRANGEMENTS TO TRADE WHEN ASX CENTRE POINT WAS UNAVAILABLE
* EXAMINING WHY FAR MORE TRADING DID NOT OCCUR ON CHI-X ON THE DAY OF THE OUTAGE
* IN 2021 WILL REVIEW MARKET PARTICIPANTS' RESPONSE TO OUTAGE & WORK TO IDENTIFY BROADER MARKET ADJUSTMENTS NECESSARY TO MITIGATE FUTURE INCIDENTS