Markets Disciplinary Panel

Functions, policies and procedures

The Markets Disciplinary Panel (MDP) is a peer review panel from which sitting panels are drawn to make decisions about whether infringement notices should be issued or enforceable undertakings should be accepted for alleged breaches of the market integrity rules by market participants.

The policies that are applied, and the procedures that are followed, by the MDP in exercising its powers and performing its functions are set out in ASIC Regulatory Guide 216.


The membership of the MDP comprises persons with significant market or professional experience. The members of the MDP have, or have had, senior roles in broking firms and investment banks.

View the current list of MDP members

MDP Outcomes Register

This register contains details of the outcomes of decisions of the MDP in relation to alleged breaches of the market integrity rules.

The outcomes may include infringement notices and enforceable undertakings, details of which will be included in the register. They will usually be accompanied by a media release.

Where the MDP makes no adverse findings in relation to a matter, the register will include a summary of that finding, usually without disclosing the name of the market participant.

View the MDP Outcomes Register

Report suspicious activity

If you are a market participant and you see or suspect market misconduct you must notify ASIC

Lodge a suspicious activity report

What's new

ASIC releases market integrity report

15 March 2018

Read the report

ASIC publishes industry funding FAQs for market intermediaries and infrastructure

6 March 2018

Read the FAQs

ASIC requires boutique research provider to improve conflicts of interest disclosure

28 February 2018

Read the media release

More media releases on markets

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Last updated: 15/07/2013 12:00