Australian Securities and Investments Commission

104 results about this entity

Period: 22 Jan 2007 - 18 Dec 2024

/regulation

ANZ fined $10 million by Asic after unlawfully levelling $3 million in customer fees

On 1 October 2020, the Federal Court of Australia ordered that Australia and New Zealand Banking Group Limited (ANZ) pay $10 million in penalties after finding that ANZ engaged in unconscionable conduct and breached its obligations as a financial services licensee.

/regulation

Asic and Reserve Bank of Australia outline expectations for Chess replacement programme

ASIC and the Reserve Bank of Australia (RBA) (the regulators) have outlined their expectations of ASX as it replaces the Clearing House Electronic Sub-register System (CHESS).

/crypto

Asic reports uptick in digital asset scams

During the COVID-19 (coronavirus) pandemic, ASIC has seen an increase in reports from consumers losing money in crypto-asset (or cryptocurrency) scams.

/regulation

Asic asks market participants to curb trading activity to stem Covid-19 volatility

As part of the Australian Government’s response to the novel coronavirus (COVID-19), ASIC has taken steps to ensure Australian equity markets remain resilient.

Australia extends fintech sandbox remit after long wait

By passing the Treasury Laws Amendment (2018 Measures No. 2) Bill 2019 on Monday, the government has extended the scope and timeframe fintechs can spend on the existing framework.

/security

Asic reports on cyber-resiliance assessment of financial market firms

ASIC report Cyber resilience of firms in Australia’s financial markets: 2018–19 (REP 651) provides an update on organisations’ cyber resilience capabilities in the two years since the publication of (REP 555) Cyber resilience of firms in Australia’s financial markets in November 2017.

/regulation

Asic takes court action against NAB for fees for no service and fee disclosure statement failures

ASIC has commenced civil penalty proceedings in the Federal Court against National Australia Bank Limited (NAB) and seeks findings of several thousand contraventions of the ASIC Act and the Corporations Act.

Aussie regulator turns to tech in new strategy

Australia's capital markets regulator has vowed to expand its use of new technology and behavioural data as part of a strategic plan to strengthen its enforcement.

/regulation

Asic consults on market integrity rules for operational resilience

ASIC has released a consultation paper proposing new market integrity rules for securities and futures market operators and participants that promote technological and operational resilience of their critical systems.

IT consultant gets three years in slammer for insider trading hack

An IT consultant who hacked into the WiFi network of Australian financial publisher Port Phillip Publishing (PPP) to engage in insider trading has been sentenced to three-years in prison.

/regulation

Asic updates guidance on cryptocurrencies and ICOs

ASIC has released new information to help businesses involved with initial coin offerings (ICOs) and crypto-assets to consider their legal obligations and satisfy themselves they are operating lawfully.

/regulation

Former Deutsche Bank dealer handed suspended sentence for falisfying trading records

Former Sydney Deutsche Bank FX options and futures trader, Andrew Donaldson, has been sentenced in the District Court in Sydney to 18 months imprisonment after pleading guilty to falsifying entries in Deutsche Bank's internal financial records and systems.