ASX Clear Consults on Liquidity Requirements Guidance
ASX Clear has released a consultation paper outlining proposed changes to its Guidance Note 13 on Managing Liquidity Requirements. The amendments focus on enhancing liquidity risk management, including new requirements for contingency planning for low-probability events and updated eligibility for certain banking groups.
ASX is seeking industry feedback on these revisions. ASX Clear Participants can submit their written feedback by 13 August 2025. Read more here.
Policies affected: Feedback only at this stage
Organisations affected: ASX Clear Participants
ASIC sues over cybersecurity failures
ASIC has recently commenced legal action against a licensee, asserting it failed to adequately manage its cybersecurity risks, thereby breaching its regulatory obligations. The alleged oversight reportedly exposed the licensee, its representatives, and clients to a substantial risk of cyber-attacks, leading to a significant data breach. The action underscores the critical importance of robust cybersecurity policies, comprehensive training, diligent supervision, and access to expert resources. Read more here.
Policies affected: Cybersecurity or IT related policies, Risk Management policy and/or BCP
Organisations affected: AFSL holders
Upcoming security enhancements for AUSTRAC login
AUSTRAC is implementing significant changes to its online login process to bolster security and improve user experience. Following a successful pilot program, multi-factor authentication will be progressively rolled out to all AUSTRAC Online accounts between July and November 2025. Users will receive email notifications prompting them to set up this enhanced security feature and create a new, stronger password. Read more here.
Policies affected: AML/CTF Program if required
Organisations affected: AUSTRAC registered entities
Key updates on AML/CTF reforms
AUSTRAC is rolling out significant AML/CTF reforms, with new rules expected to be finalised next month. These reforms will commence on March 31, 2026, for currently regulated businesses. AUSTRAC expects all reporting entities to implement robust AML programs, ensure staff training, and manage financial crime risks effectively. AUSTRAC has an expectation that regulated entities act now to review and strengthen their existing AML/CTF Programs, systems and processes for managing ML/TF risks. Read more here.
Policies affected: AML/CTF Program and supporting risk assessments and procedures
Organisations affected: AUSTRAC registered entities
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