Regulatory developments timetable

This timetable outlines proposed timeframes for ASIC regulatory work, such as the publication of draft or final guidance, or anticipated making of a legislative instrument. The timetable generally excludes review and surveillance activities, and enforcement activities. The timetable is published every six months. The document is a point in time summary and is not updated once published.

This document reflects ASIC's best estimation as at the date of publication. These are subject to change and care should be taken in relying on these dates for planning purposes.

As of 15 February 2023

Initiative	Indicative Timing	Description	Related info/document	Expected action	Status Comments	Sector	Label
Publication of report on expectations and good practices for whistleblower programs	1/1/2023			Report		General
Implementation of ASIC’s Indigenous Financial Services Framework	1/1/2023			Published framework		General
Updates to Regulatory Guide 78: Breach reporting by AFS licensees and credit licensees	1/4/2023	Minor updates to provide supplementary guidance and improve clarity around requirements		Updated regulatory guide		General
New licensing portal for Australian financial services and credit licensees, auditors and liquidators	1/7/2023			New portal and revised guidance		General
Updated regulatory guides, new legislative instruments, and a report following Consultation Paper 365 Remaking ASIC class orders on takeovers, compulsory acquisitions and relevant interests	1/1/2023			Updated regulatory guide and new legislative instruments		Corporate finance
Publication of report on submissions received in response to Consultation Paper 364 - Modifications to the ESS regime and explaining our approach on appropriate relief in relation to Div 1A of Pt 7.12 of the Corporations Act 2001, following making of a legislative instrument that facilitates employee share schemes.	1/1/2023			Publication of report on submissions		Corporate finance
Information sheets:  Registration of relevant providers - general information about the new requirement that all relevant providers (person who is authorised to provide personal advice to retail clients on relevant financial products) be registered with ASIC by 1 July 2023	1/1/2023			New information sheet		Financial advisers
Information sheet: Registration of relevant providers - guidance on making declarations required by s921ZA and 921ZB when registering a relevant provider	1/1/2023			Information sheet		Financial advisers
Update of Regulatory Guide 22 Directors’ statement as to solvency - Updating outdated references in guidance on directors' solvency statements	1/1/2023			Updated regulatory guide		Financial reporting and audit
Consultation paper on repeal of sunsetting Self-managed superannuation fund (SMSF) Auditor Competency Standards instrument	1/1/2023	To consult on the repeal of ASIC Class Order CO 12/1687  Competency standards for approved SMSD auditors		Consultation paper		Financial reporting and audit
Update to Information Sheet 224 ASIC Audit Inspections - to address severity of ASIC audit inspection findings from 30 June 2023.	1/1/2023					Financial reporting and audit
Update of financial reporting and audit class orders for Corporate collective investment vehicles (CCIVs)	1/1/2023	To inform the market on changes to class orders relevant to CCIVs and corporate directors		Updated class orders		Financial reporting and audit
Discussion paper on insurance recurrent data collection	1/1/2023			Discussion paper		Insurance
Updated guidance and website to complete implementation of regulation of litigation funding schemes	1/1/2023			Amendments to ASIC guidance and website		Investment managers
Market Integrity Rules come into affect on 10 March 2023, aimed at promoting the technological and operational resilience of securities and futures market operators and participants on 10 March 2023	1/1/2023			Implementation following making of rules		Market infrastructure and intermediaries
Updated Regulatory Guide 251 Derivative Transaction Reporting and Regulatory Guide 249 Derivative trade repositories following the updates made in December 2022 to the ASIC Derivatives Transaction Rules (Reporting) to harmonise Australian Trade Reporting rules to align the OTC Derivatives trade reporting requirements in Australia with international approaches	1/1/2023			Updated regulatory guides		Market infrastructure and intermediaries
Proposed amendments to the ASIC Derivative Transaction Rules (Clearing) 2015 to remove and replace products referencing USD LIBOR	1/1/2023			Consultation paper		Market infrastructure and intermediaries
Publish a consultation paper on outstanding matters relating to ASIC Derivatives Transaction Rules (Reporting) not updated in December 2022	1/4/2023			Consultation paper		Market infrastructure and intermediaries
Publish a consultation paper on 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	1/7/2023	ASIC Market Integrity Rules (Futures Markets) Class Waiver 2018/313 expires 22 March 2024		Consultation paper		Market infrastructure and intermediaries
Provide an additional user guide for annual administration return form (5602) in response to commonly asked questions	1/1/2023			Final user guide		Registered liquidators
Consultation on proposed changes to Regulatory Guide 258 Registered liquidators: Registration, disciplinary actions and insurance requirements - particularly regarding initial registration and ongoing obligations	1/1/2023			Consultation		Registered liquidators
Consultation on Regulatory Guide 217 Duty to prevent insolvent trading: Guide for directors - revisions responding to recommendations in the Review of the Insolvent Trading Safe Harbour – Final Report	1/4/2023			Consultation		Registered liquidators
Revised guidance in Regulatory Guide 16 External administrators – Reporting and lodging	1/4/2023			Revised guidance		Registered liquidators
Revised guidance in Regulatory Guide 242 ASIC’s power to wind up abandoned companies – revisions to include the proposed winding up on public interest grounds	1/4/2023			Revised guidance		Registered liquidators
Publish new regulatory guide – ASIC's power to appoint reviewing liquidators	1/7/2023			Guidance		Registered liquidators
Publish new regulatory guide – Requesting eligible applicant authorisation	1/7/2023			Guidance		Registered liquidators
New information sheet - Superannuation Trustee Transparency and Disclosure Obligations	1/1/2023			Information sheet		Superannuation