News

Japan and Australia cooperate on fintech

23 June 2017

The Japan Financial Services Agency ('JFSA') and Australian Securities and Investments Commission ('ASIC') today announced the completion of a framework for cooperation to promote innovation in financial services in Japan and Australia.

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Read the media release

ASIC commences consultation on proposed guidance on crowd-sourced funding

22 June 2017

ASIC today released two consultation papers proposing guidance for public companies and intermediaries (i.e. crowd funding platform operators) to assist them in using the new crowd-sourced funding (CSF) regime commencing on 29 September 2017.

Read the media release

Crowd-sourced funding regulations

21 June 2017

The Government has now made and published the crowd-sourced funding regulations.

ASIC will shortly commence consultation on regulatory guidance for:

    • intermediaries seeking to provide CSF services;
    • companies seeking to raise funds on a platform of a CSF intermediary

Stay tuned for further announcements.

Hong Kong and Australia seal agreement on fintech cooperation

13 June 2017

The Hong Kong Securities and Futures Commission and ASIC have signed a Co-operation Agreement which provides a framework for cooperation to support and understand financial innovation in each economy.

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Read the media release

ASIC survey offers snapshot of marketplace lending in Australia

1 June 2017

ASIC today released a report on its first survey of various participants in the marketplace lending industry and our broader activities relating to marketplace lending.

Read the media release

ASIC proposes next steps on regtech

26 May 2017

ASIC will establish a new regtech industry liaison network, conduct a number of new technology trials using regtech applications and establish a 'hackathon' later this year to help identify roadblocks to the successful and rapid take-up of the sector.

The initiatives are among a range of proposals covered in Report 523 ASIC’s Innovation Hub and our approach to regulatory technology, released today, covering ASIC's approach to regtech and inviting feedback from the sector and wider industry.

Read the media release

ASIC signs fintech Co-operation Agreement with OJK to promote innovation in financial services

21 April 2017

The Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a Co-operation Agreement to promote innovation in financial services in their respective markets.

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Asic Ojk2

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The future of fintech and regulation

21 April 2017

ASIC Chairman Greg Medcraft addressed the British Australian Fintech Forum 2017 on how ASIC is supporting fintech and innovation while ensuring trust and confidence in the financial sector.

Read the speech

ASIC's regulatory sandbox

19 April 2017

ASIC Commissioner John Price delivered a presentation to the Perth Fintech Meetup on what ASIC is doing in the regtech space, and explained the regulatory sandbox.

Read the speech and view the presentation slides (PPSX 1.1MB)

New crowd-sourced funding (CSF) website content

3 April 2017

With the crowd-sourced funding (CSF) legislation receiving royal assent last week ASIC has published new website content dedicated to CSF. The CSF regime takes effect from 28 September 2017.

The new webpage includes information about the regime for potential CSF intermediaries and companies that may raise funds through their platforms. The page also provides information on what ASIC will be doing during the next few months in preparation for the regime.

After 28 September 2017 ASIC will be able to accept AFS licence applications forms from entities wanting to providing CSF services.  

ASIC extends the relief provided for business introduction services

29 March 2017

ASIC has extended Class Order [CO 02/273] Business introduction or matching services [CO 02/273] for two years. The class order was due to expire (sunset) on 1 April 2017.

[CO 02/273] gives conditional relief from the fundraising, financial product disclosure, hawking and advertising requirements in the Corporations Act (the Act) that would otherwise apply to a person making or calling attention to offers of securities or interests in a registered managed investment scheme through a business introduction service.

Read the release

Distributed ledger technology (blockchain)

20 March 2017

ASIC has released an information sheet on evaluating distributed ledger technology (DLT), also known as blockchain technology.

Read the media release


For older news, visit the Innovation Hub news archive.

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Japan and Australia cooperate on fintech

23 June 2017

The Japan Financial Services Agency ('JFSA') and ASIC today announced the completion of a framework for cooperation to promote innovation in financial services in Japan and Australia.

Read the media release

ASIC proposes next steps on regtech
27 May 2017

ASIC will establish a new regtech industry liaison network, conduct a number of new technology trials using regtech applications and establish a 'hackathon' later this year to help identify roadblocks to the successful and rapid take-up of the sector.

Read the report

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Mark Adams on ASIC’s Regtech Roundtable

The roundtable facilitated discussion on the current regtech landscape and its development and future potential to promote good risk management and compliance outcomes, and drivers and barriers to regtech in Australia, including what the industry and ASIC can do to help promote the development and application of regtech.

Listen now or download for later

Last updated: 23/06/2017 12:44