ADVERTISEMENT
ASIC Calls Out Noncompliance With Breach Reporting Regime
By Editors | 28/10/2022
Not enough licensees are reporting, and they are taking too long to identify breaches, investigate them, and finalise remediation.
Enforcement
CommSec, AUSIEX Fined A$27m for Market Integrity Rule Breaches
By Editors | 27/10/2022
CommSec and AUSIEX demonstrated “widespread, systemic compliance failures” over a nine-year period, said ASIC deputy chair Sarah Court.
Enforcement
Australian Court Orders ANZ to Pay A$25m Penalty
By Editors | 27/10/2022
ANZ inadvertently failed to provide promised fee and interest rate discounts to customers due to inadequacies within its systems.
Market Infrastructure
ASIC Offers Conduct Guidance to Wholesale Market Participants
By Mark Johnston | 26/10/2022
Fixed income dealers should establish clear prohibitions on the use of unapproved communication channels, ASIC says.
Enforcement
Australia: Hackers Accessed Data of 4m Customers, Medibank Admits
By Manesh Samtani | 26/10/2022
Medibank does not have cyber insurance, and is expected to face investor class actions, on top of lawsuits from angry customers and likely fines.
Crypto / Digital Assets
ASIC Files Suit Over Misleading Claims by Crypto Firm
By Editors | 26/10/2022
ASIC said BPS Financial engaged in unlicensed conduct and made false, misleading or deceptive representations about a crypto token called Qoin.
Capital / Liquidity
RBNZ Defers Dual Reporting Requirements for IRB Banks
By Editors | 25/10/2022
Dual reporting requirements for IRB banks are now expected to come into force for disclosure statements with reporting dates of 30 June 2023 or later.
Capital / Liquidity
APRA to Review Prudential Framework for Financial Groups
By Sanday Chongo Kabange | 25/10/2022
APRA will seek industry feedback in H1 2023 on five topics related to groups: financial resilience, governance, risk management, resolution, and competition issues.
Securities / Derivatives
ASIC Seeks Feedback on Asia Region Funds Passport
By Editors | 24/10/2022
ASIC is inviting the managed funds industry to provide feedback on the level of industry interest and preparedness to use the ARFP.
Securities / Derivatives
ASX Sets Out Measures for Handling Future Outages
By Editors | 24/10/2022
ASX will consult on a new automated service that can provide greater certainty about trade and order status, and a new ‘Cancel Only’ session state.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team