ASIC media releases are point-in-time statements. Please note the date of issue and use the internal search function on the site to check for other media releases on the same or related matters.

Thursday 8 June 2017

17-177MR Macquarie Equities remediation program - update

ASIC notes that the remediation program established by Macquarie Equities Limited (MEL) under its Enforceable Undertaking with ASIC (see 13-010MR and 14-201MR) is substantially complete.

Since the remediation program was established in 2014, MEL has paid approximately $24.7m of compensation (including interest) to 263 clients.

A small number of cases have not been finalised - typically because they are the subject of litigation or a current FOS complaint.

ASIC acknowledges the cooperation and responsiveness of MEL during the remediation program.