Australia’s corporate regulator issued an infringement notice and penalty to ASX (ASX:ASX), marking the first such incident for the market operator in the country.

ASX paid a penalty of A$1.1 million ($721,930) following an investigation into their compliance, the first instance of their kind in Australia.

The exchange rate at the time of issue was $1 equivalent to 1.5237 Australian dollars.

ASX is a multi-asset class, vertically integrated exchange group, and one of the world’s top-10 listed exchange groups measured by market capitalisation.