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ASIC Media Release


Statement pursuant to regulation 7.2A.15(4) of the Corporations Regulations 2001 

Macquarie Securities (Australia) Limited (“Macquarie”) has paid a penalty of $505,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”).

The MDP had reasonable grounds to believe that Macquar...

By the GRC Professional

ASIC Media Release

ASIC today released a new Regulatory Guide 260 Communicating findings from audit files to directors, audit committees or senior managers.

The guide provides transparency on our criteria and process for communicating financial reporting and audit findings from our review of audit files to directors and audit committees. ...

By the GRC Professional

ASIC Media Release

The Japan Financial Services Agency ('JFSA') and Australian Securities and Investments Commission ('ASIC') today announced the completion of a framework for co-operation to promote innovation in financial services in Japan and Australia.

This Co-operation Framework recognises the global nature of innovation in financial...

By the GRC Professional

Thursday 22 June 2017



The understanding of cyber risks differs by sector and size within the financial services.

“That’s across banking, capital markets, insurance, wealth and asset management, and superannuation businesses,” Anthony Robinson, Cyber Security and Financial Services partner at EY, told GRC Professional at the Thomson Reuters Australian Regulatory Sum...

By the GRC Professional

ASIC Media Relase

ASIC today released two consultation papers proposing guidance for public companies and intermediaries (i.e. crowd funding platform operators) to assist them in using the new crowd-sourced funding (CSF) regime commencing on 29 September 2017.

Under the CSF regime, eligible public companies will be able to make offers of ...

By the GRC Professional

Wednesday 21 June 2017



The Global FX Code of Conduct is not intended to be seen as regulation.

“The code does not impose legal or regulatory obligations on market participants nor will it supplant existing regulatory standards or expectations,” Guy Debelle, Deputy Governor of the Reserve Bank said, at the recent Thomson Reuters event where the FX Code of Conduct was...

By the GRC Professional

ASIC Media Release 

The Full Federal Court has held that it is not necessary for ASIC to prove fault according to Chapter 2 of the Criminal Code in civil proceedings relating to certain breaches of the Corporations Act. 

In the matter of ASIC v Whitebox Trading Pty Limited & Anor (NSD383/2016) (Whitebox), ASIC asked the Federal Court to c...

By the GRC Professional


FMA Media Release

The FMA is seeking feedback on its proposals to allow entities to provide personalised financial advice generated by a computer programme or algorithm (robo-advice). This would be a temporary measure before new legislation is passed by Parliament.

The current law, passed in 2008, did not contemplate digital advice, mean...

By the GRC Professional

ASIC Media Release

The Fair Work Ombudsman and the Australian Securities and Investment Commission (ASIC) will audit 50 businesses in the Melbourne CBD and inner suburbs in their second joint operation.

On 20 and 21 June, Fair Work inspectors will be checking time and wage records to ensure employers are paying their workers correctly and...

By the GRC Professional

ASIC Media Release

ASIC has released its latest report outlining decisions on relief applications, highlighting ASIC’s efforts to reduce red-tape and achieve a practical, positive outcome for companies seeking some regulatory flexibility.

The granting of relief which has a net regulatory benefit, or which facilitates business or cuts red ...

By the GRC Professional