AUSTRALIA

Enforcement

ASIC Sues Macquarie Securities Over Short Sales Reporting

By Sanday Chongo Kabange | 14/05/2025

ASIC has sued Macquarie Securities for, what it claims is, repeated and systemic misleading conduct relating to the failure to report the volume of short sales.

AFCA Updates Guidance for Handling Add-on Insurance Disputes

By Sanday Chongo Kabange | 13/05/2025

Financial firms have until 19 May to comply with the updated guidance, which focuses on complaints relating to add-on insurance.

AML / KYC

AUSTRAC Expands Data-Sharing Alliance to Combat Emerging Scams

By Manesh Samtani | 12/05/2025

AUSTRAC’s Fintel Alliance will expand to target money muling, micro-laundering, and other evolving financial crimes.

Market Infrastructure

ACCC Issues Draft Authorisation to Facilitate End of Cheque Use

By Editors | 09/05/2025

The ACCC proposes to authorise AusPayNet and APCS members to work together to facilitate the wind-down of Australia’s cheque system.

Market Infrastructure

ASX Proposes Reforms to Enhance Domestic Capital Market

By Sanday Chongo Kabange | 08/05/2025

ASX has put forward seven key recommendations to enhance the attractiveness and global competitiveness of Australian public markets.

Fintech / Regtech

ASIC Issues New Regulatory Guide to Support BNPL Reforms

By Sanday Chongo Kabange | 08/05/2025

The regulatory guide provides information to assist BNPL providers in complying with obligations under reforms passed in December.

Capital / Liquidity

RBNZ Publishes Stress Test Results for Insurers

By Sanday Chongo Kabange | 07/05/2025

RBNZ said policyholder claims would be met in the “seismic” scenario that was tested, demonstrating the resilience that is built into the system.

Enforcement

ASIC Imposes Additional Licence Conditions on Macquarie

By Sanday Chongo Kabange | 07/05/2025

ASIC cited failures in Macquarie Bank’s futures dealing business and OTC derivatives trade reporting functions.

Fintech / Regtech

ASIC Launches New Digital Portal for AFS Licensees

By Sanday Chongo Kabange | 06/05/2025

The new portal will streamline the way AFS licensees submit applications and make notifications to ASIC.