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Regulation and Compliance News for Financial Markets

Track global financial regulation, compliance updates and key industry trends.
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ASIC Defines Best Interests Duty as Basis for Trust
Category: Regulation & Compliance

ASIC Defines Best Interests Duty as Basis for Trust

ASIC explains how mortgage brokers should meet the best interests duty through suitable loan recommendations, personalised records, data-led quality monitoring, effective complaint handling and timely remediation.

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Former Director Sentenced over $1.2m Fund Misuse
Category: Regulation & Compliance

Former Director Sentenced over $1.2m Fund Misuse

A former Australian company director received an 18-month Intensive Correction Order after misusing about $1.22 million in company funds, with ASIC and the CDPP securing a conviction and a five-year management disqualification.

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ASIC Proposes Shorter Sell-Side Research Guidance
Category: Regulation & Compliance

ASIC Proposes Shorter Sell-Side Research Guidance

ASIC proposes reducing its sell-side research guidance from 42 pages to eight, giving AFS licensees a shorter, principles-based framework while retaining controls over inside information, conflicts of interest and analyst independence.

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ASIC Consults on Low-Volume Market Licence Exemption
Category: Regulation & Compliance

ASIC Consults on Low-Volume Market Licence Exemption

ASIC is consulting on amendments to its low-volume financial market licence exemption, including a proposed increase in the transaction-value threshold from A$1.5 million to A$2.5 million before the instrument expires.

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