Australian Securities and Investments Commission
All open consultations and comment periods from the ASIC (Australia).
ASIC and APRA commence consultation on FAR streamlining
Why this matters
This is a formal consultation by two major Australian regulators (ASIC and APRA) proposing changes to the FAR that will reduce reporting burden across banking, insurance, and superannuation sectors. The update affects governance and accountability frameworks for a broad set of regulated firms.
ASIC proposes improved pre-IPO advertising flexibility and global alignment
Why this matters
ASIC proposes relaxing pre-IPO advertising restrictions to align with international standards and modernize capital markets rules. This is informational regulatory guidance affecting IPO disclosure practices and prospectus requirements, primarily impacting broker-dealers and asset managers involved in capital raising.
ASIC and APRA announce FAR changes to reduce administrative burden
Why this matters
ASIC and APRA announce streamlined Financial Accountability Regime (FAR) changes to reduce administrative burden across regulated entities. Changes include removing key function requirements, raising materiality thresholds for notifications, simplifying accountability maps, and reducing responsible manager licensing...
ASIC calls for feedback on stamp duty and portfolio holdings disclosure requirements for super funds
Why this matters
This regulatory update from ASIC focuses on proposed changes to stamp duty and portfolio holdings disclosure requirements for superannuation funds, which are relevant to investment managers, wealth managers, and insurance firms that operate in the pensions and retirement savings space.