Infringement Notice MDP06/23: Key compliance takeaways from the Markets Disciplinary Panel and ASIC

On 23 October 2023, the Markets Disciplinary Panel (MDP) and the Australian Securities and Investments Commission (ASIC) published an important update. Infringement Notice MDP06/23 addresses alleged contraventions of the ASIC Market Integrity Rules (Securities Markets) 2017 (MIRs or Rules) by a particular market participant that operated a non-public crossing system (dark pool) from 1 April […]

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Infringement Notice MDP05/23: Key compliance takeaways from the Markets Disciplinary Panel and ASIC

On 20 September 2023, the Australian Securities and Investments Commission (ASIC) issued Infringement Notice MDP05/23 to a particular market participant for alleged contraventions under Part 7.2A.04 of the Corporations Regulations 2001. The notice addressed concerns about a client’s trading behaviour. Activity considered suspicious occurred during the Closing Single Price Auction (CSPA) between March and November […]

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Advice compliance measures need to add up

Advisers should take a proactive approach to compliance, which can enhance the reputation of their firm and reduce the risk of regulatory enforcement action according to Mintegrity.

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Keep the regulatory change transition simple to avoid adviser fatigue

Regulatory change for advisers has, regrettably, become more of a constant than the exception. But with the minister’s QAR reforms laid before us, a concentrated period of change looms.

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An inside look at RegsWeb

To ensure good compliance, your policies need to be three things: up-to-date, ready-to-use and easily accessible. RegsWeb is a MIntegrity tech solution that helps you stay on top of all this and more, assisting firms in all the elements of policy management.

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Need help with policy management? Start here

What makes for good policy management? It’s not just about publishing and distributing written policies to all employees. In fact, as the Australian Securities and Investments Commission (ASIC) recently highlighted, good policy management is about the implementation and supervisory controls ensuring adherence to those policies. 

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Dirty money: Your anti-money laundering and counter-terrorism financing obligations

As an Australian Financial Services License (AFSL) holder, you have certain obligations to help prevent financial crime — particularly when it comes to anti-money laundering (AML) and counter-terrorism financing (CTF). From cryptocurrency and social media scams to huge penalties and liabilities, this is one issue you can’t afford to overlook.

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A deep dive into the Market Disciplinary Panel outcome related to buy-backs

On 31 March 2023, the Markets Disciplinary Panel (MDP), a peer review and enforcement body set up by the Australian Securities and Investments Commission (ASIC), issued an infringement notice to a Market Participant (the Participant) for alleged contraventions of the ASIC Market Integrity Rules (Securities Markets) 2017 (MIRs). The conduct occurred in September 2021, when […]

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ASIC’s 2023 Enforcement Priorities: Misconduct in crypto assets

Every year, the Australian Securities and Investments Commission (ASIC) announces its Enforcement Priorities — areas of focus that will guide its efforts and help financial firms know where to make improvements. For 2023, ASIC’s Enforcement Priorities include something that may feel novel: “Misconduct involving high-risk products including crypto assets.”

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