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's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
WhatsApp Scams Target Retail Investors, Imitate Saxo and JP Morgan
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official