Australian Securities and Investments Commission

99 results about this entity

Period: 22 Jan 2007 - 14 Aug 2024

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/regulation

Asic calls on market operators to improve resilience during outages

ASIC is calling on market operators and participants to continue to implement its expectations to improve the resilience of the Australian equity market during outages, including by facilitating trading on alternative markets.

/regulation

Asic sues ANZ for overstating credit card account balances and charging fees

ASIC has commenced civil penalty proceedings in the Federal Court against Australia and New Zealand Banking Group Ltd (ANZ) for allegedly misleading its customers as to the available funds and balances in their credit card accounts.

/regulation

Westpac penalised $113 million after multiple Asic legal actions

The Federal Court has ordered Westpac to pay penalties in the amount of $113 million for widespread compliance failures across multiple businesses, including Westpac’s banking, superannuation, wealth management and insurance brands.

/regulation

Asic takes action against Macquarie Bank for alleged failures in client account monitoring

ASIC has commenced civil penalty proceedings in the Federal Court against Macquarie Bank Ltd for failing to adequately monitor and control transactions by third parties, such as financial advisers, on their customers’ cash management accounts.

Securities regulators worldwide to consult on concerns over retail trading markets

The International Organization of Securities Commissions (IOSCO) has published a consultation paper on retail market conduct issues in the context of the rapidly changing retail investment landscape across the globe.

ASX slammed over futures outage on crucial trading day

/markets

ASX slammed over futures outage on crucial trading day

Australia's top securities regulator has slammed the country's national stock exchange for a four-hour outage that shut down trading in the futures markets.

/regulation

Australia's ASIC embarks on regtech intiative into poor market disclosure

ASIC will be working with five regulatory technology (regtech) entities – Bedrock AI Aus Pty Ltd, DigitalX Limited, Eastern Analytica Pty Ltd, Listcorp Pty Ltd and Pyxta Pty Ltd for the Business Research and Innovation Initiative (BRII) Regulatory Technology (Regtech) Round, dealing with the challenges of corporate disclosure.

/regulation

Westpac slapped with $116 million penalty over Asic charges

Westpac has announced today that it has reached agreement with ASIC to resolve six separate longstanding matters through agreed civil penalty proceedings filed in the Federal Court of Australia.

Asic reads the riot act to ASX over outage last year

/regulation

Asic reads the riot act to ASX over outage last year

The Australian Securities and Investment Commission has imposed new restrictions on the country's national stock exchange following a botched technology upgrade in November 2020 that stopped trade for a day.

/crypto

Asic releases guidance on crypto-asset related investment products

ASIC has today released information for product issuers and market operators on how they can meet their regulatory obligations in relation to crypto-asset exchange traded products (ETPs) and other investment products.

/regulation

Asic consults on payment for order flow rule amendments

ASIC has today released Consultation Paper 347 Proposed amendments to the prohibition on order incentives in the ASIC market integrity rules (CP 347).

/regulation

Asic to phase in financial sector reforms

Six reforms arising out of recommendations from the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission) and other inquiries will commence in October.

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