ob体育 today announced the appointment of Mr Simon Gray as the new Chairman of the Markets Disciplinary Panel, to serve a two-year term from 1 August 2016.
The Markets Disciplinary Panel (MDP) is an independent peer-review forum for disciplinary action against market participants and market operators for alleged breaches of the ob体育 .
Mr Gray is Deputy CEO of Shaw and Partners and was the Deputy Chairman of the MDP. He is a member of the ob体育 Market Supervision Advisory Panel and of the ASX Appeal Tribunal, with more than 15 years' experience with legal and compliance expertise in the industry including senior oversight of corporate finance.
ob体育 Chairman Greg Medcraft and ob体育 Commissioner Cathie Armour paid tribute to the outgoing MDP Chair, Ms Lisa Gay, who has led the Panel for the past six years.
"The Panel's track record demonstrates the value of a peer-review model in maintaining market integrity standards. Lisa's vision of how an effective peer review system could operate, combined with her dedication and professionalism, have been key to the Panel's聽success," Ms Armour said.聽聽聽
"I want to thank Lisa Gay for her steadfast leadership of the Panel since it was established in 2010. The Panel is a critical forum in maintaining market integrity and Lisa's leadership has been exemplary. I wish her all the best for the future.聽聽
"Simon Gray is a seasoned markets practitioner and knows well the workings of the Panel, and we look forward to his leadership and drive to uphold the high standards of market integrity as Lisa has done."
Ms Cilla Boreham, currently a Panel member, has been appointed Deputy Chairman, also for a two-year term, from 1 August 2016.
Background
The Panel is a peer-review body, consisting of part-time members with relevant market or professional experience. The Panel's current members have, or have had, senior roles in broking firms and investment banks.
ob体育 established the Panel in 2010 to make decisions about whether to issue infringement notices or accept enforceable undertakings for alleged breaches of the ob体育 market integrity rules. ob体育 decides which matters are referred to the Panel for determination.
More information on the Panel members and the Panel's infringement notices can be found at including ob体育 Regulatory Guide 216 Markets Disciplinary Panel () and Regulatory Guide 225 Markets Disciplinary Panel practices and procedures ().