New and updated ASIC regulatory publications since 1 March 2020
To assist users during the COVID-19 pandemic, we are publishing this weekly tracker of ASIC regulatory document updates.
It lists and includes links to all new and updated regulatory guides, information sheets, reports and consultation papers issued by ASIC and published on our website.
It also includes links to legislative instruments (including rules, determinations and waivers) made by ASIC which are published on the Federal Register of Legislation, and information about instruments which provide relief to individual entities where this is related to COVID-19.
ASIC Corporations (Deferral of Design and Distribution Obligations) Instrument 2020/486
ASIC Credit (Deferral of Mortgage Broker Obligations) Instrument 2020/487
Relief deferring the commencement date of the mortgage broker best interest duty and remuneration reforms, and the design and distribution obligations, for six months due to the impact of COVID-19: see 20-109MR
Week beginning 11 May 2020
ASIC Corporations (Extended Reporting and Lodgment Deadlines—Listed Entities) Instrument 2020/451
Six month conditional relief granted to Macquarie Bank and related entities from the requirement to give customers Form 11A direct debit default notices under s 87 of the National Credit Code, while it sends modified communication and relaxes collection and enforcement processes as a result of COVID-19.
Week beginning 27 April 2020
REP 660 ASIC Enforcement Update July to December 2019
ASIC’s overview of enforcement outcomes, priorities and cases during the period 1 July 2019 to 31 December 2019: see 20-099MR
Week beginning 20 April 2020
ASIC Corporations (COVID-19 – Distribution of Debit Cards) Instrument 2020/401
Relief to allow the distribution of debit cards to existing customers without debit cards – including vulnerable and elderly consumers – in response to COVID-19.
ASIC Corporations (Extended Reporting and Lodgment Deadlines—Unlisted Entities) Instrument 2020/395
Relief extending the deadline for unlisted entities to lodge financial reports by one month for balance dates from 31 December 2019 to 31 March 2020 to account for possible impacts of COVID-19: see 20-084MR.
REP 659ASIC regulation of corporate finance: July to December 2019
Twelfth and final report on ASIC's oversight of corporate finance activity covering 1 July 2019 to 31 December 2019. To be replaced by quarterly newsletters: see 20-093MR.
Week beginning 14 April 2020
INFO 230Exchange traded products: Admission guidelines
outline measures firms should take to manage market integrity risks associated with internal market making
provide guidance on improving internal marking making practices, and
make peripheral updates to reflect recent changes in the market.
amendments made by the Stronger Regulators Act, which commenced on 18 February 2020, including the extension of the fit and proper person test for credit licensees and the introduction of such a test for AFS licensees,
the implementation of a modified AFS licensing regime for foreign financial services providers, which commenced on 1 April 2020 with a two-year transition period (see 20-058MR), and
the introduction of general conduct obligation penalties for AFS licensees and credit licensees made by the Treasury Laws Amendment (Strengthening Corporate and Financial Sector Penalties) Act 2019.
INFO 243Licensing requirements for providers of funeral expenses facilities
Guidance on AFS licensing requirements applying from 1 April 2020: see 20-076MR