Australian Securities and Investments Commission

99 results about this entity

Period: 22 Jan 2007 - 14 Aug 2024

/regulation

Asic sues ASX over failed clearing house replacement system

Australia's Securities and Investment Commission is suing the country's top exchange over misleading statements about the progress of its much delayed and now abandoned blockchain-based Chess replacement system.

/regulation

Asic consults on new rules to deliver better outcomes in clearing and settlement

ASIC has released a consultation paper on proposed rules to facilitate competitive outcomes in cash equity clearing and settlement (CS) services provided by the ASX Group.

/regulation

ASX pays $1,050,000 penalty for order information transparency failure

ASX Limited has paid a penalty of $1,050,000 following an ASIC investigation into its compliance with the Market Integrity Rules.

/regulation

Westpac fined maximum $1.8 million for "unconscionable conduct" in swaps dealing

The Federal Court has declared Westpac Banking Corporation (Westpac) engaged in unconscionable conduct in October 2016 when executing a $12 billion interest rate swap transaction, the largest of its kind in Australian financial market history.

/regulation

Regulator sues Westpac over financial hardship notice response delays

An Australian regulator has taken Westpac to court, accusing the bank of failing to respond to customers that filed financial hardship notices because of a problem with its online process.

/people

Asic welcomes appointment of Alex Cameron to lead ASX clearing and settlement advisory group

ASIC Chair Joe Longo has welcomed the establishment of a new Advisory Group to advise ASX Clear and ASX Settlement on strategic clearing and settlement issues.

/regulation

Aussie regulator sues eToro over CFD over-reach

The Australian Securities and Investments Commission is suing online investment platform eToro over an alleged failure to act honestly and fairly in the marketing of its contract for differences (CFD) product, leaving 77% of retail clients out-of-pocket.

/security

Aussie banks, regulators and telcos team to tackle investment scams

The National Anti-Scam Centre will coordinate an investment scam fusion cell to combat the growing problem of investment scams, which are costing Australians more than $1 billion a year.

/regulation

Asic selects Eastern Analytica to deliver market disclosure product

As outlined in ASIC’s Corporate Plan 2022-26, ASIC is committed to work on development of an innovative solution to identify and assess poor market disclosure by listed companies.

/regulation

Asic commences investigation into ASX's bungled Chess replacement project

ASIC has confirmed to ASX that it has commenced an investigation into suspected contraventions of the ASIC Act 2001 and the Corporations Act 2001 in relation to the CHESS.

/sustainable

Asic to expand enforcement focus to greenwashing, predatory lending and insurance prices

ASIC has warned businesses it will be targeting greenwashing, predatory lending and misleading insurance pricing promises this year, as part of a continuing focus on protecting consumers from financial harm.

/regulation

Regulators increase scrutiny of ASX post-trade arrangements

Today ASIC and the Reserve Bank of Australia (RBA) (the regulators) have taken further action to ensure that all necessary steps are taken by ASX to support and maintain current CHESS until its replacement is successfully implemented.