Regulatory developments timetable
This timetable outlines proposed timeframes for ASIC regulatory work, such as the publication of draft or final guidance, or the anticipated making of a legislative instrument. The timetable generally excludes review, surveillance and enforcement activities. The timetable is published every six months.
This is a point-in-time summary and reflects ASIC's best estimate as at the date of publication. These are subject to change and care should be taken in relying on these dates for planning purposes.
See also ASIC’s core principles for developing and implementing regulatory guidance (August 2023).
As of 31 July 2023
Initiative | Indicative Timing | Description | Related info/document | Expected action | Status Comments | Sector | Label |
Extend ASIC Corporations (Design and Distribution Obligations Interim Measures) Instrument 2021/784, which expires on 5 October 2023 | 1/7/2023 | Amended legislative instrument | General | ||||
Rollover the existing transitional relief for foreign financial services providers, which is provided by ASIC Corporations (Repeal and Transitional) Instrument 2016/396, ASIC Corporations (CSSF- Regulated Financial Services Providers) Instrument 2016/1109 and ASIC Corporations (Foreign Financial Service Providers – Limited Connection) Instrument 2017/182 | 1/7/2023 | Remade legislative instrument | General | ||||
Update Regulatory Guide 236 Do I need an AFS licence to participate in carbon markets? (RG 236) | 1/10/2023 | Updated regulatory guide | General | ||||
Update Regulatory Guide 5 Relevant interests and substantial holding notices (RG 5) and Regulatory Guide 9 Takeover bids (RG 9), make new legislative instruments, and publish a report on submissions in response to Consultation Paper 365 Remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests (CP 365) | 1/10/2023 | New legislative instruments, report on submissions and updated regulatory guide | Corporate finance | ||||
Publish a new information sheet that will provide general information about the new requirement that all relevant providers (persons who are authorised to provide personal advice to retail clients on relevant financial products) be registered with ASIC by 1 October 2023 | 1/7/2023 | New information sheet | Financial advisers | ||||
Publish a new information sheet that will provide guidance on making the declarations required by s921ZA and 921ZB of the Corporations Act when registering a relevant provider | 1/7/2023 | New information sheet | Financial advisers | ||||
Remake Class Order [CO 13/1050] Financial reporting by stapled entities, which sunsets on 1 October 2023 |
1/7/2023 | Amended legislative instrument | Financial reporting and audit | ||||
Make minor amendments to the following financial report and directors’ report instruments to accommodate types of entity that are newly reporting under the Corporations Act:
|
1/10/2023 | Amended legislative instruments | Financial reporting and audit | ||||
Update Regulatory Guide 95 Disclosing entity provisions relief (RG 95) | 1/10/2023 | Updated regulatory guidance | Financial reporting and audit | ||||
Remake ASIC Corporations (Auditor Independence) Instrument 2021/75, which sunsets on 30 April 2024 |
1/1/2024 |
Amended legislative instrument |
Financial reporting and audit | ||||
Remake ASIC Corporations (Parent Entity Financial Statements) Instrument 2021/0195, which sunsets on 1 April 2024. | 1/1/2024 | Amended legislative instrument | Financial reporting and audit | ||||
Remake Class Order [CO 13/655] Provisions about the amount of consideration to acquire interests and withdrawal amounts not covered by ASIC Corporations (Managed investment product consideration) Instrument 2015/847 and Class Order [CO 13/657] Discretions affecting the amount of consideration to acquire interests and withdrawal amounts, which sunset on 1 October 2023, as a single legislative instrument | 1/7/2023 | Remade legislative instrument | Investment managers | ||||
Remake Class Order [CO 13/656] Equality of treatment impacting on the acquisition of interests, which sunsets on 1 October 2023 | 1/7/2023 | Remade legislative instrument | Investment managers | ||||
Remake Class Order [CO 13/760] Financial requirements for responsible entities and operators of investor directed portfolio services, which sunsets on 1 October 2023, and ASIC Corporations (Financial Requirements for Corporate Directors of Retail Corporate Collective Investment Vehicles) Instrument 2022/449 as a single legislative instrument | 1/7/2023 | Remade legislative instrument | Investment managers | ||||
Remake Class Order [CO 13/761] Financial requirements for custodial or depository service providers, which sunsets on 1 October 2023 | 1/7/2023 | Remade legislative instrument | Investment managers | ||||
Publish a report on submissions in response to Consultation Paper 367 Remaking ASIC class orders on financial requirements: [CO 13/760], [CO 13/761] and ASIC Instrument 2022/449 | 1/7/2023 | Report on submissions | Investment managers | ||||
Remake Class Order [CO 13/762] Investor directed portfolio services provided through a registered managed investment scheme, which sunsets on 1 October 2023 | 1/7/2023 | Remade legislative instrument | Investment managers | ||||
Remake Class Order [CO 13/763] Investor directed portfolio services, which sunsets on 1 October 2023 | 1/7/2023 | Remade legislative instrument | Investment managers | ||||
Update Regulatory Guide 166 AFS licensing: Financial requirements (RG 166) following remaking of legislative instruments prescribing financial resource requirements for responsible entities, IDPS operators, corporate directors of retail CCIVs and custodians | 1/7/2023 | Updated regulatory guide | Investment managers | ||||
Update Regulatory Guide 134 Funds management: Constitutions (RG 134), following remaking of legislative instruments related to the constitutions of managed investment schemes | 1/7/2023 | Updated regulatory guide | Investment managers | ||||
Update Regulatory Guide 148 Platforms that are managed investment schemes and nominee and custody services (RG 148), following remaking of legislative instruments related to platforms | 1/7/2023 | Updated regulatory guide | Investment managers | ||||
Consult on the following class orders, which sunset on 1 April 2024:
|
1/10/2023 | Consultation paper | Investment managers | ||||
Remake class orders relating to relief for managed investment schemes that are listed or quoted, primary production schemes and custody standards, which sunset on 1 April 2024 | 1/1/2024 | Remade legislative instruments | Investment managers | ||||
Update Regulatory Guide 133 Funds management and custodial services: Holding assets (RG 133) following remaking of legislative instruments related to custodial standards | 1/1/2024 | Updated regulatory guide | Investment managers | ||||
Consult on the outstanding matters relating to the ASIC Derivatives Transaction Rules (Reporting) 2022 that were not updated in December 2022 | 1/7/2023 | Consultation paper | Market intermediaries and infrastructure | ||||
Remake the ASIC Derivative Trade Repository Rules 2013 in substantially the same form, following the publication of Consultation Paper 370 Proposed remake of the ASIC Derivative Trade Repository Rules 2013 (CP 370) | 1/7/2023 | Remade legislative instrument | Market intermediaries and infrastructure | ||||
Remake the ASIC Regulated Foreign Markets Determination [OTC DET 13/1145], which sunsets on 1 October 2023 | 1/7/2023 | Remade legislative instrument | Market intermediaries and infrastructure | ||||
Publish a report that summarises our key observations on how issuers of retail over-the-counter (OTC) derivatives are meeting the design and distribution obligations and highlights areas for improvement | 1/7/2023 | Report | Market intermediaries and infrastructure | ||||
Update the ASIC Derivative Transaction Rules (Clearing) 2015, after considering the feedback received on Consultation Paper 366 Proposed amendments to the ASIC Derivative Transaction Rules (Clearing) 2015: Second consultation (CP 366) | 1/10/2023 | Updated rules | Market intermediaries and infrastructure | ||||
Update Regulatory Guide 249 Derivative trade repositories (RG 249), following the remaking of the ASIC Derivative Trade Repository Rules 2013 | 1/10/2023 | Updated regulatory guide | Market intermediaries and infrastructure | ||||
Consult on the ASIC Market Integrity Rules (Futures Markets) 2017, with proposals to include rules on automated order processing and amend Rule 2.2.1 relating to aggregate loss limits | 1/10/2023 | Consultation paper | Market intermediaries and infrastructure | ||||
Update Regulatory Guide 251 Derivative transaction reporting (RG 251) to reflect the remade ASIC Derivative Transaction Rules (Reporting) 2022, which come into force in October 2024 | 1/1/2024 | Updated regulatory guide | Market intermediaries and infrastructure | ||||
Consult on proposed changes to Regulatory Guide 258 Registered liquidators: Registration, disciplinary actions and insurance requirements (RG 258), particularly regarding initial registration and ongoing obligations | 1/7/2023 | Consultation paper | Registered liquidators | ||||
Consult on proposed changes to Regulatory Guide 217 Duty to prevent insolvent trading: Guide for directors (RG 217), which respond to recommendations in the Review of the insolvent trading safe harbour | 1/7/2023 | Consultation paper | Registered liquidators | ||||
Consult on proposed changes to Regulatory Guide 16 External administrators – Reporting and lodging (RG 16) | 1/10/2023 | Consultation paper | Registered liquidators | ||||
Consult on proposed changes to Regulatory Guide 242 ASIC’s power to wind up abandoned companies (RG 242) to include winding up on public interest grounds | 1/10/2023 | Consultation paper | Registered liquidators | ||||
Consult on new regulatory guide about ASIC’s power to appoint reviewing liquidators | 1/1/2024 | Consultation paper | Registered liquidators | ||||
Update RG 217 after considering feedback received through consultation | 1/1/2024 | Updated regulatory guide | Registered liquidators | ||||
Update RG 16 after considering feedback received through consultation | 1/1/2024 | Updated regulatory guide | Registered liquidators | ||||
Consult on a new regulatory guide about requesting eligible applicant authorisation | 1/1/2024 | Consultation paper | Registered liquidators | ||||
Update RG 258 after considering feedback received through consultation | 1/1/2024 | Updated regulatory guide | Registered liquidators | ||||
Update RG 242 after considering feedback received through consultation | 1/1/2024 | Updated regulatory guide | Registered liquidators | ||||
Publish a new regulatory guide about ASIC’s power to appoint reviewing liquidators | 1/1/2024 | Regulatory Guide | Registered liquidators | ||||
Publish a new regulatory guide about requesting eligible applicant authorisation | 1/1/2024 | Regulatory Guide | Registered liquidators | ||||
Remake Class Order [CO 14/541] RSE licensee s29QC SIS Act disclosure exemption, which provides relief from compliance with s29QC(1) of the SIS Act and sunsets on 1 January 2024 | 1/10/2023 | Remade legislative instrument | Superannuation |
Note: Subject to the passage of legislation, ASIC will provide guidance on:
- the implementation of the Financial Accountability Regime, which will be administered jointly with the Australian Prudential Regulation Authority
- the reference checking and information sharing protocol for financial advisers and mortgage brokers (by updating Information Sheet 257 ASIC reference checking and information sharing protocol (INFO 257)).