Category: Articles

Recent cyber attacks have exposed the personal data of millions of Australian customers – acting as a wake-up call for directors. With cyber attacks becoming more frequent and complex, does your organisation have the cyber resilience to protect against and recover from an attack? To help determine your organisation’s cyber capability, we invite you to...

A well-functioning credit market Consumers, firms, the wider economy and society all gain from a well-functioning credit market. One that focuses closely on delivering appropriate outcomes for the consumers it serves. Our Financial Lives survey estimates that 81% of UK adults hold some form of regulated credit product and the Bank of England statistics for...

Key points Australians are turning to Moneysmart to help manage their money, with over 3.2 million visiting Moneysmart so far this year. ASIC encourages all Australians to engage with their finances and research their options, so they can make informed financial decisions. Many Australians are feeling the pinch with their personal finances. High inflation and...

The European Securities and Markets Authority (ESMA) the EU’s financial markets regulator and supervisor, publishes today a supervisory briefing on firms offering copy trading services, in accordance with its objective of fostering investor protection and actively promoting supervisory convergence across the Union. This briefing includes guidance on the qualification of copy trading services as an...

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Public Statement on the DTO in the context of the migration of credit default swap contracts out of ICE Clear Europe. The objective of this statement is to support the orderly migration of positions from ICE Clear...

ASIC is seeking feedback from operators of investor-directed portfolio services (IDPS) and responsible entities of IDPS-like schemes on proposals to remake ‘sunsetting’ class orders. Consultation Paper 369 (CP 369) Remaking ASIC class orders on platforms: [CO 13/762] and [CO 13/763] sets out ASIC’s proposals on: Class Order [CO 13/762] Investor-directed portfolio services provided through a...

On 13 February 2023, we imposed restrictions on Independently East Ltd for failing to engage with us in an open and cooperative way. Our actions mean that: the firm’s bank accounts are frozen its permissions to carry our regulated activities have been cancelled, and it is unable to carry out any regulated activities Our concerns...

Emma Stranack Head of Consumer Engagement, Content and Channels Not everyone wants to engage with a regulator, but we hope our new consumer section will help people feel comfortable and confident coming to us. When consumers contact us, they can often be in distress. They may need to report a suspected scam, check whether a...

In September 2022, we sent a portfolio letter to benchmark administrators where we highlighted the risk of poor disclosures for ESG benchmarks. High-quality ESG benchmarks are important to support trust in the market for ESG products and the transition to a net zero economy. We have now completed a preliminary review of ESG benchmarks. This...