AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Enforcement

ASIC Investigates Predatory Practices in Debt Management Sector

By Sanday Chongo Kabange | 22/07/2025

ASIC will review around 100 licensed firms amid concerns that vulnerable consumers are being harmed by predatory industry practices.

Market Infrastructure

Australia Grants Clearing and Settlement Facility Licence to Clearstream

By Sanday Chongo Kabange | 21/07/2025

ASIC granted the licence and the RBA has set out expectations for Clearstream to improve settlement arrangements and stakeholder engagement in the Australian market.

Fintech / Regtech

Australia Sees Launch of First Bitcoin-Backed Mortgage Product

By Editors | 18/07/2025

Fintech firm Block Earner has launched the product after a federal court found its crypto loans did not require a financial services licence, a decision now being appealed by ASIC.

Enforcement

Australian Court Dismisses Appeal By Unlicensed Lenders

By Sanday Chongo Kabange | 11/07/2025

Cigno Australia and BSF Solutions were found to have charged over AUD 70 million in fees on AUD 34 million in loans through an unlawful model in a case brought by ASIC.

Market Infrastructure

ASX Finalises Clearing Rule Changes for CHESS Replacement Release 1

By Sanday Chongo Kabange | 11/07/2025

ASX will proceed with planned rule amendments for its clearing system overhaul after receiving limited substantive industry feedback.

Fintech / Regtech

RBA Announce Participants for Next Phase of Digital Money Experiments

By Sanday Chongo Kabange | 10/07/2025

The RBA says 24 innovative use cases ranging from local fintechs to major banks have been conditionally selected for the next stage of Project Acacia.

Securities / Derivatives

ASIC Proposes Updates to Product Disclosure Statements Guidance

By Sanday Chongo Kabange | 10/07/2025

The proposed updates aims to simplify and consolidate existing guidance, incorporate current regulatory approaches, and remove outdated references.

Securities / Derivatives

ASX Faces Investor Split Over Dual-Class Share Proposal

By Thisanka Siripala | 10/07/2025

Australia’s largest investors express mixed views as ASX seeks reforms to attract listings and compete with global markets.

Enforcement

ASIC Bans Former Compliance Head of Crown Wealth Group for 3Yrs

By Thisanka Siripala | 10/07/2025

ASIC said Andrew Moore failed to recognise the seriousness of fees-for-no-service conduct and to report the conduct to the regulator.