Australian Securities and Investments Commission

104 results about this entity

Period: 22 Jan 2007 - 18 Dec 2024

/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.

/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.

/crypto

Asic consults on crypto asset-based ETPs and other retail investment products

ASIC has today released Consultation Paper 343 Crypto-assets as underlying assets for ETPs and other investment products (CP 343), seeking feedback on proposals about exchange-traded products (ETPs) and other investment products that provide retail investors with exposure to crypto-assets.

/regulation

Asic consults on updates to the ePayments Code

ASIC has today released a consultation paper (CP 341) seeking feedback on proposed updates to the ePayments Code.

/regulation

Shearman & Sterling: 'Remove the straitjacket of statutory rules' for UK fintech

During a panel for UK Fintech Week 2021, Barnabas Reynolds, global head of financial services group, Shearman & Sterling emphasised that to build trust in the system and allow space for fintech innovation, that the focus of supervisory systems should be on risk and not unnecessary code or control.

/regulation

CBA ordered to pay $7 million penalty relating to overcharged interest

The Federal Court of Australia has ordered the Commonwealth Bank of Australia (CBA) to pay a $7 million penalty after the Court had previously declared that CBA made false or misleading representations and engaged in misleading and deceptive conduct.

/regulation

ASIC sues NAB for "unconscionable conduct and misrepresentations" over account fees

ASIC has commenced proceedings in the Federal Court against National Australia Bank Ltd (NAB), alleging that NAB charged fees for making certain periodic payments when it was not entitled to under the bank’s contracts with its customers.

/security

RBNZ governor blames data hack on Accellion

Reserve Bank of New Zealand govenor Adrian Orr has placed the blame for a recent file sharing breach squarely on the shoulders of tech provider Accellion

/security

Australian securities regulator latest to suffer file sharing breach

The Australian Securities and Investments Commission (Asic) has suffered a cyber security breach related to its use of the Accellion file sharing software which was recently at the centre of a similar incident at the Reserve Bank of New Zealand.