Chief defends ASX hard line on AMP rumor.

Australasian Business Intelligence, August, 2001

Aug 30, 2001 (The Age

ABIX via COMTEX) -- The Australian Stock Exchange's (ASX) stance on disclosure requirements has been defended. On 29 August 2001, the ASX MD, Richard Humphry said that while he sympathised with the AMP and the National Australia Bank, the ASX's determination that the two Australian financial services groups comment on merger rumours was valid. He says that in the years following August 2001 the ASX will judge whether companies should respond to "market speculation" on a "case by case" basis. Meanwhile, Noel Webster, of Deutsche Bank, says that the ASX has a "reasonably good" long-term outlook. The ASX has announced a $A51 million full-year net profit.

AUSTRALIAN STOCK EXCHANGE LIMITED -

ASX ASX:

AMP LIMITED -...

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