AML reforms now in place: transitional arrangements

The major AML/CTF reforms officially commenced on 31 March 2026 for all current reporting entities. While core obligations are now in effect, AUSTRAC has finalised some transitional rules to provide businesses with practical timeframes to update their systems and processes.

These transitional rules apply to:

  • Initial customer due diligence.
  • Compliance Officer notification.
  • Independent evaluations.
  • Travel rule.
  • Reporting Groups

Where firms chose to abide by the transitional rules they must meet AUSTRACs expectations to maintain an implementation plan that shows sustained effort and progress toward full compliance while continuing to manage current ML/TF/PF risks.


All registered entities should ensure they have adopted their updated AML/CTF Program and review the transitional rules if applicable. Read more here.

Organisations affected: AUSTRAC reporting entities

Policies affected: AML/CTF frameworks and  policies

Cboe BCP test schedule for May 2026  

Cboe has announced a BCP event scheduled for Saturday, 9 May 2026, to test the failover from primary to standby system instances within the Equinix SY5 data centre. Clients are advised that market data flow will occur during the test and systems must be configured to handle or ignore this flow accordingly.

Firms wishing to participate must email their request to Cboe and their trading application vendor by Friday, 8 May 2026. The request must include the primary contact’s name, email, and phone number for the duration of the test. Read more here.

Organisations affected: Cboe Participants

Policies affected: Information only

Cboe updates to Operating Rules

Cboe has published amendments to its Operating Rules following the termination of the Chi-X Fidelity Fund in March 2026. Under the revised section 11, compensation claims are now made directly against the exchange’s insurance arrangements. Participants are not required to take any action as the mandatory compensation disclosures for participants and the rules regarding the National Guarantee Fund remain unchanged. Ensure to update any reference to the Operating Rules to be the most current. Read more here.

Organisations affected: Cboe Participants

Policies affected: Policies and procedures related to compensation disclosures 

ASIC remakes financial reporting relief instruments

ASIC has remade three legislative instruments to continue providing essential financial reporting relief following industry consultation, replacing versions that were set to sunset on 1 April 2026. The updated instruments, now effective until 1 April 2031, include relief for rounding amounts in financial and directors’ reports, enabling electronic lodgment of financial and sustainability reports through market operators (now including Cboe Australia) to avoid dual filing, and allowing certain entities to continue using short-form disclosure documents and cleansing notices despite technical relief.

As part of this administrative update, ASIC is also withdrawing Regulatory Guide 28 and repealing outdated instruments to simplify the regulatory framework and ensure guidance remains current for listed entities and fund operators. Read more here.

Organisations affected: Listed entities

Policies affected: Reporting policies and procedures

ASIC consultation on updates to derivative transaction reporting rules

ASIC is seeking industry feedback on proposed amendments to the ASIC Derivative Transaction Rules (Reporting) 2024 to ensure they remain effective and aligned with international standards. The consultation focuses on technical updates to reporting requirements, including data elements and transmission methods, to improve the quality and consistency of over-the-counter (OTC) derivative transaction data.

Interested stakeholders and reporting entities are encouraged to review the proposed changes and provide submissions by 8 May 2026. Read more here.

Organisations affected: Firms that trade OTC derivatives

Policies affected: Reporting policies and procedures – consultation at this stage

Contact MIntegrity today for a confidential consultation and expert regulatory support.

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