Archive: News - 2018

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ASIC's Innovation Hub regularly produce reports, guidance, summaries, minutes, and media releases across our approach to new business models and to address questions from the sector on regulation and compliance. For information on what is coming up, subscribe here for the latest news.

ASIC Holiday Closure

12 December 2018

ASIC offices will be closed from 5.00pm on Monday 24 December 2018 to 8.00am on Wednesday 2 January 2019. During this time requests for informal assistance will not be processed. You can also expect that early in January responding to requests for assistance will take a little longer than usual.

We encourage businesses who have any informal assistance requests or notifications related to the fintech licensing exemption to be sent to the Innovation Hub by Monday 17 December 2018 in order to be considered before the shutdown period.

Financial regulation in a digital world

12 November 2018

A speech by John Price, ASIC Commissioner, at the Monash Centre For Commercial Law and Regulatory Studies Symposium, (Melbourne, Australia) 12 November 2018.

Read the speech

CFTC and ASIC sign FinTech Cooperation Arrangement

5 October 2018

The US Commodity Futures Trading Commission and the ASIC have signed an arrangement to cooperate and support innovation through each other’s financial technology initiatives – CFTC’s LabCFTC and ASIC’s Innovation Hub.

Read the media release

Luxembourg and Australia enter agreement on fintech and regtech

4 October 2018

The Luxembourg Commission de Surveillance du Secteur Financier and the Australian Securities and Investments Commission have signed a Cooperation Agreement which provides a framework for cooperation to understand financial innovation in each jurisdiction.

Read the media release

Consultation on the proposed establishment of a Global Financial Innovation Network

8 August 2018

ASIC is, in collaboration with 11 international financial regulators, and related organisations, consulting on the proposed creation of the Global Financial Innovation Network (GFIN).

Read the media release

#Accelerate Regtech 2018: The role of the regulator

3 May 2018

Keynote address by John Price, Commissioner, Australian Securities and Investments Commission, Accelerate Regtech 2018 (Sydney, Australia), 3 May 2018.

Regtech

Read the speech

ASIC takes action on misleading or deceptive conduct in ICOs

1 May 2018

ASIC is focused on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICOs). These offers can involve significant risks for investors that are often not disclosed or well understood.

Read the media release

ASIC update: Initial coin offerings and cryptocurrency

26 April 2018

A speech by John Price, Commissioner, Australian Securities and Investments Commission, Tyro FinTech Hub – Events Space, (Sydney, Australia).

Read the speech

British and Australian regulators strengthen cooperation on fintech through Enhanced Cooperation Agreement 

23 March 2018

The United Kingdom's Financial Conduct Authority ('FCA') and ASIC have signed an Enhanced Cooperation Agreement between their Innovation Hubs to extend their existing agreement of cooperation and coordination on fintech innovation.  This agreement forms part of the broader Fintech Bridge signed by the UK Chancellor of the Exchequer and the Australian Treasurer.

Fca Asic Agreement

Mark Adams, ASIC Senior Executive Leader, Strategic Intelligence signing the agreement with Christopher Woolard, FCA’s Executive Director of Strategy and Competition

Read the media release

ASIC releases tender for Natural Language Processing Trials 

23 February 2018

ASIC has released a tender for Natural Language Processing Trials via AusTender - ATM ID ASIC CPX65. 

The tender is for provision of pilots of Natural Language Processing technologies, including approaches to common supervisory scenarios encountered by ASIC with a view to providing natural language processing technologies solutions.   

For more details, please go to AusTender and download the tender documents. You can search the tender by either the ATM ID or Keyword. 

Find out more information about the tender 

The tender will be closed at 9:00 am, 19 March 2018. 

If you have any questions in relation to this Tender, please email Tenders@asic.gov.au.

ASIC licenses first crowd-sourced funding intermediaries

11 January 2018

ASIC has licensed the first crowd-sourced funding (CSF) intermediaries under the new CSF regime.

Seven companies have been issued with Australian Financial Services (AFS) licence authorisations to act as intermediaries able to provide a crowd-sourced funding service. With the grant of these new authorisations eligible public companies will now be able to use the CSF regime to raise capital by making offers of ordinary shares to investors via the on-line platform of one of these intermediaries.

Read the media release

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News

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ASIC issues guidance for Government’s enhanced regulatory sandbox

25 August 2020

ASIC has released guidance to assist innovative financial businesses test their products and services under the Government’s enhanced regulatory sandbox (ERS), scheduled to commence on 1 September 2020.

Find out more


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Events

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Enhanced regulatory sandbox: Overview Webinar

1 September 2020

ASIC hosted an overview webinar on the Government's Enhanced Sandbox (ERS). To watch the event recording and download a copy of the presentation, visit the ERS additional resources page.


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Last updated: 06/05/2019 02:32