All Entries in the "Australian Securities and Investment Commission (ASIC)" Category
ASIC Provides Direction on Market Structure Reforms
ASIC announced April 3 it has refined its proposals for market structure reform and issued a timetable for implementing the regulatory framework. Based on feedback on the key issues impacting market structure outlined in Consultation Paper 168 Australian equity market structure: Further proposals (CP 168), ASIC has revised its proposals, to: On automated trading – [...]
ASIC Releases Exchange Traded Funds Report
ASIC released a report on exchange traded funds (ETFs) March 29 which outlines how this growing industry is regulated in Australia and the impact of proposed international principles to address concerns by overseas regulators. Report 282 Regulation of Exchange Traded Funds ( REP 282), explains ASIC’s current understanding about the operation of ETFs and ongoing [...]
ASIC Releases Draft Disclosure Guidance for Hedge Funds
ASIC released February 23 for consultation draft regulatory guidance with new disclosure benchmarks and principles for hedge funds to improve investor awareness of the risks associated with these products. The guidance, contained in Consultation Paper 174 Hedge funds: Improving disclosure — Further consultation (CP 174), sets out the specific features and risks of hedge funds [...]
ASIC Regulatory Cooperation With Canada
The Australian Securities and Investments Commission (ASIC), the Quebec Autorité des marchés financiers (AMF), the Ontario Securities Commission (OSC), the Alberta Securities Commission (ASC) and the British Columbia Securities Commission (BCSC) announced February February 10 a comprehensive arrangement to facilitate their supervision of regulated entities that operate both in Australia and Canada. ASIC Chairman Greg [...]
ASIC Releases Third Market Supervision Report
ASIC on February 7 issued its third report on the supervision of Australian financial markets and market participants. Report 277 ASIC supervision of markets and participants: July to December 2011 (REP 277) identified that during the reporting period: There were 20,029 trading alerts with 131 matters requiring further consideration during the reporting period. Alert numbers [...]
ASIC Finalises Investigation into Saxo Bank Following Sonray Collapse
ASIC has finalised its investigation into Saxo Bank A/S, the former provider of the trading platform for collapsed broker, Sonray Capital Markets Pty Ltd (in liquidation) (Sonray). Following the conclusion of that investigation, which focused on the risk management practices of Saxo Bank, ASIC has agreed with Saxo Bank that additional licence conditions will be [...]
ASIC Proposals for Research Houses
ASIC released a consultation paper November 16 proposing research report providers, including research houses, separate their business units as a strategy to manage conflicts of interest as part of moves to improve confidence in the independence and quality of research reports. This proposed segregation would involve strict and formal physical and electronic separation between ancillary [...]
ASIC Confirms ASX Readiness to Launch PureMatch
ASIC confirmed November 11 it is satisfied that the Australian Securities Exchange (ASX), prospective participants and data vendors are ready for ASX’s new order book, PureMatch, to commence operating from 28 November 2011. ASX has confirmed its systems and market data connections have been tested and are operationally ready for the commencement of PureMatch, including [...]
Deloitte Has Been Appointed Administrator to the MF Global in Australia
ASIC is aware that companies in the MF Global group have been placed into administration. This impacts a number of companies in Australia. Insolvency firm Deloitte has been appointed administrator to the MF Global group in Australia. The administrator will contact clients to advise how their positions and funds are affected. Activities affected are: o [...]
ASIC Makes Rules for Capital for Chi-X Market
ASIC registered market integrity rules October 28 for capital for the Chi-X market, which is due to start operating on 31 October 2011. These rules are modeled closely on the market integrity rules for capital for the ASX market, to ensure a level playing field for the two equities markets. Participants who are market participants [...]
