As the ASX aims to transfer market supervision to the corporate regulator in August 2010, it has appointed Kevin Lewis as the Chief Compliance Officer.

Mr. Lewis is expected to take up his new role of Group Executive and Chief Compliance Officer on July 19, with these roles overruling those held by Eric Mayne, who will leave ASX in September, the exchange says.

ASX's regulatory and public policy boss Malcolm Starr will succeed Mr. Mayne as Chairman of the ASX Corporate Governance Council on July 1.

The final date for the transfer of accountability for market supervision to the Australian Securities and Investments Commission would be made by Financial Services Minister, Chris Bowen.

The market exchange operator had been working hard to complete the transition of regulatory power in August 2010. Mr. Bowen said on June 8 that he would take suggestion from the ASX and ASIC as to when a new regulatory scaffold was in place to hold up the regulator's market managerial role.

The timeframe had not been set in stone and he would not vacillate in delaying the start date if transition issues hadn't been resolved, he further declared.

The federal Government had formerly said the changeover would take place in the third quarter of the calendar year 2010.

ASX said that it would preserve a subsidiary Company to guarantee the licenses entities in the ASX Group monitor and implement fulfillment with the operating rules, including the listing rules.