AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION

Enforcement

Australia: Ex-Wealth Manager Held in Contempt of Court

By Sanday Chongo Kabange | 03/07/2025

Joshua Fuoco will never be allowed to be involved in financial services or credit activities, following an undertaking he gave to the Federal Court.

Market Infrastructure

WFE Calls for Enhanced Oversight as Private Markets Balloon

By Nithya Subramanian | 03/07/2025

The WFE wants regulators to tighten private market oversight, warning that opaque valuations and rising leverage threaten financial stability.

Enforcement

ASIC Sues Coal Power Operator for Market Manipulation

By Sanday Chongo Kabange | 02/07/2025

ASIC alleges that Delta Power & Energy engaged in futures market and financial benchmark manipulation on 30 occasions.

Securities / Derivatives

RBA Seeks Feedback on Clearing House Resolution Plan

By Manesh Samtani | 01/07/2025

The RBA has outlined its approach to using new powers to manage a failing clearing house, though emphasising that this would be a last resort.

Securities / Derivatives

ASIC Releases Updated Regulatory Guides for Managed Funds

By Manesh Samtani | 01/07/2025

ASIC has revised two guides, one focusing on compliance and oversight, and the other on the use of discretionary powers by fund managers.

ASIC Gives Licensees Extra Relief Under Reportable Situations Regime

By Sanday Chongo Kabange | 01/07/2025

ASIC said the relief reduces some of the reporting burden on industry while upholding the objectives of the reportable situations regime.

Market Infrastructure

Cboe Applies for Australian Listings Licence in Challenge to ASX

By Editors | 29/06/2025

Cboe Australia has applied to ASIC to launch a listings market in Q3, seeking to position itself as a lower-cost alternative to the ASX.

Market Infrastructure

ASIC Appoints Expert Panel for ASX Governance Inquiry

By Sanday Chongo Kabange | 26/06/2025

ASIC says the inquiry panel will make recommendations by 31 March 2026 to address shortcomings within ASX Group.

AML / KYC

ASIC Issues Updated Guidance to Combat “Share Sale Fraud”

By Sanday Chongo Kabange | 26/06/2025

Other APAC regulators have also taken measures to prevent share sale fraud resulting from unauthorised access to securities accounts.