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Thursday 29 November 2018

18-359MR ASIC announces new members of the Markets Disciplinary Panel and consults on proposed changes

ASIC is pleased to announce the appointment of four new members of the Markets Disciplinary Panel (MDP).

The MDP is a peer review panel that makes decisions about whether infringement notices should be given for alleged contraventions of the market integrity rules.

The new appointees are:

  • Mr Dan Ritchie (Macquarie Securities);
  • Ms Lisa Shand (Morgans);
  • Mr John Manchee (Credit Suisse); and
  • Mr Ian Jones (Goldman Sachs).

‘These new appointments ensure the MDP continues to have the appropriate mix of expertise, experience and diversity in Australia’s financial markets’, ASIC Commissioner Cathie Armour said. 

ASIC is also seeking feedback about proposals to change aspects of the MDP’s policies and procedures. These proposed changes are reflected in a single, shorter Regulatory Guide which will replace the two existing ASIC Regulatory Guides 216 and 225.

‘The MDP has achieved some significant regulatory outcomes, particularly over the last couple of years. We want to continue that momentum by streamlining and simplifying the policies and procedures to ensure the MDP continues to be in a position to deliver efficient and fair regulatory outcomes’, Commissioner Armour concluded. 

ASIC encourages comments from industry on its proposed changes to the MDP’s policies and procedures. Download the consultation paper below to find out more.

Download

Last updated: 29/11/2018 01:14