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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.