Asic
ASIC Is Not Betting on Prediction Markets for Retail Clients
- The regulator says it is not convinced retail access to prediction markets is in the public interest.
- Offshore prediction markets carry no Australian legal protections, and licensees that facilitate access to them keep all their licence obligations, it added.
Friday, 30/10/2026 | 07:45 GMT by
Arnab Shome
No Prediction Market Has Applied to Operate in Australia, Its Financial Regulator Says
- ASIC Chairwoman Sarah Court told senators any bid would face a high bar under financial services law.
- Polymarket is already blocked as a prohibited gambling service, while IG seeks a betting license in Britain.
Thursday, 29/10/2026 | 08:34 GMT by
Damian Chmiel
Why ASIC Will Not Receive Some Scam Reports Under Its Draft AFCA Guide
- Telecoms and digital platform cases go to the ACCC and ACMA, while bank matters stay with the regulator.
- The split starts on March 31, 2027, when the complaints body takes on a caseload that hit almost 120,000 last year.
Tuesday, 27/10/2026 | 07:03 GMT by
Damian Chmiel
ASIC Fell Short on License Speed After Receiving 803 Applications
- The regulator decided 82% of requests within 240 days against a 90% goal, citing a new filing portal.
- It expects more applicants as payments and crypto reforms widen the group of firms it supervises.
Monday, 19/10/2026 | 07:54 GMT by
Damian Chmiel
Australia’s Crypto Platforms Have Until 27 November to Mark ASIC’s Homework
- ASIC opened consultation on guidance and standards for digital asset and tokenised custody platforms ahead of new laws starting 8 April 2027.
- Firms will need an AFS licence, disclosure documents and platform rules, and must meet asset-holding, settlement and net tangible asset standards. ASIC proposes a streamlined path for existing licensees.
Thursday, 15/10/2026 | 04:39 GMT by
Arnab Shome
Cash, Set-Off or Crypto: ASIC Says a CFD Is a CFD; Drafts a 10-Year Rulebook
- The Aussie regulator has proposed extending its CFD product intervention order to 2037. The draft instrument adds digital asset settlement, a 7-year record-keeping rule for discounts, and option-specific margin rules.
- It is also asking whether CFDs over options with losses above the premium should stay available to retail clients.
Monday, 12/10/2026 | 04:39 GMT by
Arnab Shome
Australian Regulator Sues Former Adviser Over A$34 Million From Collapsed Super Funds
- ASIC alleges Osama Saad's firms took a 6% or 8% cut of client money steered into First Guardian and Shield.
- It is the 17th case over the twin collapses, which drew about A$1.1 billion from roughly 11,000 savers.
Wednesday, 07/10/2026 | 05:42 GMT by
Damian Chmiel
ASIC Defines Trading Algorithm, but Gives the Market Until 2028 to Catch Up
- ASIC has finalised amendments to its Market Integrity Rules that create a legal definition of "Trading Algorithm" and impose new testing, governance and kill switch obligations, taking effect in March 2028.
- The changes also extend market manipulation rules to agentic AI, cut related guidance volume by almost 60 percent, and follow industry pushback that softened a proposed "real time" monitoring standard.
Thursday, 24/09/2026 | 05:33 GMT by
Arnab Shome
ASIC Bars Former Sequoia CEO From Financial Services Management for 10 Years
- The regulator cited his response to lead-generator concerns and oversight of products tied to two collapsed super funds.
- Interprac representatives advised 6,843 clients to place A$677 million of retirement savings into the funds.
Tuesday, 08/09/2026 | 07:29 GMT by
Damian Chmiel
ASIC Crypto License Applications Pass 45 Before September Deadline
- The pipeline has added about 15 filings since June, when the regulator extended transitional relief.
- The pipeline has added about 15 filings since June, when the regulator extended transitional relief.
Wednesday, 02/09/2026 | 07:00 GMT by
Damian Chmiel
AFCA Proposes AUD 1.26 Million Scam Cap as Rules Consultation Opens
- The direct-loss ceiling would double and apply once per scam, even when several regulated entities share liability.
- Banks, telcos and digital platforms enter the new complaints jurisdiction on March 31, 2027.
Monday, 31/08/2026 | 07:20 GMT by
Damian Chmiel
Who Can Shut Down a Broker During an AI Attack? ASIC Wants an Answer Now
- Boards must assign escalation and shutdown authority, set recovery priorities and approve crisis communications in advance.
- Retail trading is exposed as agents gain access to client accounts, execution and internal risk systems.
Thursday, 27/08/2026 | 07:35 GMT by
Damian Chmiel
Court Appoints Provisional Liquidators to 12 Companies After A$182 Million Raise
- The court said payments mainly came from new investors or borrowings on unknown terms.
- FTI Consulting has 10 weeks to assess solvency, assets, creditor returns and suspected legal breaches.
Monday, 24/08/2026 | 05:52 GMT by
Damian Chmiel
ASIC Removes Over 19,400 Scams as AI Deepfakes Target Investors
- Online takedowns rose 182% in FY26 as fake sites, reviews and endorsements reinforced one another.
- Scamwatch reports linked impersonated public figures to A$7.4 million in reported losses.
Monday, 17/08/2026 | 06:08 GMT by
Damian Chmiel
ASIC Flags Onboarding and Disclosure Gaps in Nine-Broker Review
- Five firms changed compliance practices, while two halted options onboarding during remediation.
- One provider left Australia after the review, and the regulator is considering further action.
Thursday, 13/08/2026 | 06:15 GMT by
Damian Chmiel
ASIC Says Yepbit Falsely Blamed Regulator for Frozen Investor Funds
- Investors told ASIC they could not withdraw money from the purported crypto and futures platform.
- Philippine regulators ordered Yepbit and its linked investment group to halt solicitation in February.
Wednesday, 12/08/2026 | 06:40 GMT by
Damian Chmiel
ASIC Wants the CFD Capital Floor Frozen Until 2032
- The net tangible assets test for retail derivative issuers would run five years past its 2027 expiry.
- Brokers have had to hold the greater of AU$1 million or 10% of average revenue since January 2014.
Tuesday, 11/08/2026 | 05:48 GMT by
Damian Chmiel
ASIC Removed 87 Firms and Individuals From Financial Services Last Year, Up From 58
- The regulator logged 150 administrative enforcement outcomes in the 2025-26 financial year, against 105 a year earlier.
- Credit was the exception, where removals and restrictions fell to 27 from 33.
Monday, 10/08/2026 | 05:34 GMT by
Damian Chmiel
ASIC Reaches Auditors and a New Offshore Vehicle in A$1.1 Billion Super Collapse
- Two Federal Court filings in four days extend a case that now covers fund operators, platform trustees, advisers and auditors.
- About 11,000 Australians put retirement savings into the Shield and First Guardian funds before both stopped paying out.
Monday, 03/08/2026 | 06:57 GMT by
Damian Chmiel
ASIC Moves to Cut Sell-Side Research Guide From 42 Pages to Eight
- The regulator wants research analysts closer to IPO preparation while keeping conflict controls in place.
- Rules separating analyst pay from corporate advisory revenue stay in the draft guide.
Thursday, 23/07/2026 | 07:48 GMT by
Damian Chmiel
Cheques and Balances: Former Forex.com and Invast Director Sentenced Over Suspected Scam Proceeds
- Brendan Gunn, a former director at GAIN Capital's Forex.com and ex-CEO of Invast Financial Services, has received a suspended 12-month sentence over AU$181,000 in suspected crypto scam proceeds. The sentencing is related to activities in his crypto firm, not the CFD brokers.
- He kept moving funds through Mormarkets bank accounts despite repeated fraud warnings from banks, months after ASIC first charged him in 2025 over the same conduct.
Thursday, 23/07/2026 | 05:24 GMT by
Arnab Shome
Contracts for a Third of the Bill: CFDs Drive ASIC's Record AU$830 Million Fine Haul
- ASIC secured a record AU$830 million (US$579.3 million) in civil penalties in the 2025-26 financial year, with AU$644 million (US$449.5 million) returned to Australians.
- A single AU$300.2 million (US$209.5 million) penalty against collapsed CFD broker Union Standard, EuropeFX and TradeFred made up roughly 36% of that entire annual total.
Monday, 20/07/2026 | 05:33 GMT by
Arnab Shome
ASIC Asks Court to Wind Up Capital Guard After A$17.4 Million Raised on Bonds That May Not Exist
- The regulator says investor money was spent in ways that do not match what clients were told, and that only a small slice remains in known accounts.
- A directions hearing in the Supreme Court of New South Wales is listed for July 20.
Tuesday, 14/07/2026 | 08:20 GMT by
Damian Chmiel
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