ASIC seeks stakeholder input on multi-year simplification program.
The Chairman says complex rules stifle innovation and raise costs for businesses.
Australia's
financial market watchdog has eliminated more than 9,240 pages of regulatory
content this year as part of a sweeping effort to streamline rules that
businesses say have become too complex and costly to navigate.
ASIC Cuts Thousands of
Pages of Red Tape in Regulatory Overhaul
The
Australian Securities and Investments Commission (ASIC) released a report today
(Wednesday) outlining its first wave of simplification efforts, which include
consolidating dozens of legal instruments and launching new digital services to
replace paper-based processes.
ASIC Chairman
Joe Longo said the agency formed a consultative group with business and
consumer leaders late last year after hearing complaints about confusing
guidance, unwieldy websites, and overlapping legal requirements.
Joe Longo, the Chairman of ASIC
"Regulatory
complexity raises costs, stifles innovation and makes compliance harder,"
Longo said. "Simpler, clearer regulation is more enforceable but it also
means more seamless interactions with ASIC, more understandable rules to
protect consumers, and clearer compliance requirements."
Moving to E-Mails an
E-Signatures
The
regulator overhauled its website, cutting more than 9,000 pages of duplicated
content by 50%. It also created pilot "roadmaps" to help
small-company directors and financial advisers understand their obligations
more easily.
ASIC is
testing whether it can consolidate 23 separate legal instruments into fewer
documents, potentially eliminating at least 65 pages of requirements. The
agency has already cut 181 pages from guidance documents.
Starting
October 1, ASIC will accept electronic signatures on all forms and allow email
submission of certain documents that previously required physical mail. The
changes affect about 20,000 annual filings.
ASIC Streamlines Rules for
15,500 Advisers, 3.6 Million Companies
The
regulator processes more than 14.5 million transactions annually through its
online services, including 3.3 million document lodgments and 444,000
enquiries. Its registers are searched 299 million times each year.
ASIC's
simplification efforts come as Australian businesses face increasing regulatory
burdens. The regulator administers laws covering financial services, corporate
governance, markets, credit, and audit requirements across an economy with 3.6
million registered companies.
The agency
oversees 15,500 financial advisers, 4,466 credit licensees, 1,745 listed
companies, and hundreds of other regulated entities. Small businesses, which
employ about 5.36 million people and generate roughly one-third of Australia's
economic output, represent ASIC's largest stakeholder group.
"This
is a multi-year program of work and we want to hear more about what we should
consider for our next steps and initiatives," Longo said. "We want to
hear from those who engage with ASIC, what works, what doesn't, and what would
make the biggest difference."
ASIC Looks for Your
Feedback
The
regulator is seeking feedback on potential law reforms that stakeholders say
would further reduce compliance burdens. These include changes to reporting
requirements for financial services licensees and simplifying substantial
holding disclosure forms that institutional investors use.
ASIC is
accepting public submissions on its simplification proposals until October 15.
The agency says respondents can remain anonymous if they choose.
The
initiative reflects broader government efforts to boost economic productivity
by reducing regulatory drag on businesses. Treasury recently launched reviews
of multiple regulatory frameworks as part of productivity reform measures.
Australia's
financial market watchdog has eliminated more than 9,240 pages of regulatory
content this year as part of a sweeping effort to streamline rules that
businesses say have become too complex and costly to navigate.
ASIC Cuts Thousands of
Pages of Red Tape in Regulatory Overhaul
The
Australian Securities and Investments Commission (ASIC) released a report today
(Wednesday) outlining its first wave of simplification efforts, which include
consolidating dozens of legal instruments and launching new digital services to
replace paper-based processes.
ASIC Chairman
Joe Longo said the agency formed a consultative group with business and
consumer leaders late last year after hearing complaints about confusing
guidance, unwieldy websites, and overlapping legal requirements.
Joe Longo, the Chairman of ASIC
"Regulatory
complexity raises costs, stifles innovation and makes compliance harder,"
Longo said. "Simpler, clearer regulation is more enforceable but it also
means more seamless interactions with ASIC, more understandable rules to
protect consumers, and clearer compliance requirements."
Moving to E-Mails an
E-Signatures
The
regulator overhauled its website, cutting more than 9,000 pages of duplicated
content by 50%. It also created pilot "roadmaps" to help
small-company directors and financial advisers understand their obligations
more easily.
ASIC is
testing whether it can consolidate 23 separate legal instruments into fewer
documents, potentially eliminating at least 65 pages of requirements. The
agency has already cut 181 pages from guidance documents.
Starting
October 1, ASIC will accept electronic signatures on all forms and allow email
submission of certain documents that previously required physical mail. The
changes affect about 20,000 annual filings.
ASIC Streamlines Rules for
15,500 Advisers, 3.6 Million Companies
The
regulator processes more than 14.5 million transactions annually through its
online services, including 3.3 million document lodgments and 444,000
enquiries. Its registers are searched 299 million times each year.
ASIC's
simplification efforts come as Australian businesses face increasing regulatory
burdens. The regulator administers laws covering financial services, corporate
governance, markets, credit, and audit requirements across an economy with 3.6
million registered companies.
The agency
oversees 15,500 financial advisers, 4,466 credit licensees, 1,745 listed
companies, and hundreds of other regulated entities. Small businesses, which
employ about 5.36 million people and generate roughly one-third of Australia's
economic output, represent ASIC's largest stakeholder group.
"This
is a multi-year program of work and we want to hear more about what we should
consider for our next steps and initiatives," Longo said. "We want to
hear from those who engage with ASIC, what works, what doesn't, and what would
make the biggest difference."
ASIC Looks for Your
Feedback
The
regulator is seeking feedback on potential law reforms that stakeholders say
would further reduce compliance burdens. These include changes to reporting
requirements for financial services licensees and simplifying substantial
holding disclosure forms that institutional investors use.
ASIC is
accepting public submissions on its simplification proposals until October 15.
The agency says respondents can remain anonymous if they choose.
The
initiative reflects broader government efforts to boost economic productivity
by reducing regulatory drag on businesses. Treasury recently launched reviews
of multiple regulatory frameworks as part of productivity reform measures.
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
IG Group Expects About £300 Million Revenue in Q1 2026
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture