All posts tagged "ASIC"
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401Australia & NZAPRA, ASIC Recalibrate Regulatory Priorities to Focus on Covid-19
APRA and ASIC have suspended the majority of their planned policy initiatives and do not plan to recommence consultation on any non-essential matters before 30 September 2020.
March 23, 2020 -
205Australia & NZASIC Grants Two Month Extension for Holding AGMs
ASIC will take no action if AGMs of listed companies are postponed for two months, and supports the use of technology to hold virtual or hybrid meetings.
March 22, 2020 -
305Australia & NZAustralia: SocGen Securities Unit Charged for Client Money Rule Breaches
Societe Generale Securities Australia self-reported three matters over 2017 and 2018, and has completed all remediation actions in relation to its operational set-up.
March 19, 2020 -
252Australia & NZAMP Units Pay ASIC Penalties for Trade Reporting Failures
The AMP entities failed to report information about over 1,000 derivatives transactions and to correctly report collateral information about over 19,000 transactions over several years.
March 18, 2020 -
252Australia & NZASIC Launches Civil Proceedings Against Commonwealth Bank
CBA said it intends to admit the allegations ASIC has made in each of the two cases, and does not intend to defend against the proceedings.
March 17, 2020 -
222Australia & NZRBA Mulls First-Ever Quantitative Easing Programme
The RBA says it stands ready to buy government bonds in the secondary market, while APRA and ASIC are tasked with 'adjusting' regulatory requirements to boost credit availability.
March 17, 2020 -
248Australia & NZASIC Directs Equity Market Participants to Limit Trading
The move is a response to a particularly large increase in trades executed on Friday, largely attributable to algorithmic and high frequency trading.
March 16, 2020 -
232Australia & NZ
ASIC Finalises New Licensing Framework for Foreign Firms
The framework introduces a new 'foreign AFS' licensing regime, and licensing relief for foreign fund managers seeking to induce investment from certain professional investors such as super funds.
March 11, 2020 -
224Uncategorised
ASIC Consults on Advice Fee Consent, Independence Disclosures
The legislative instruments ASIC proposes are based on draft legislation for Royal Commission reforms - due to come into effect in July.
March 10, 2020 -
321Australia & NZAustralia: FAR Extension Out of Step with Royal Commission Proposals
The proposed extension of the Financial Accountability Regime to ASIC-regulated firms could potentially affect 53,000 small businesses, says former ASIC official Pamela Hanrahan.
March 5, 2020
