Regulatory Alerts2025-12-15
ASIC announces transformational package to safeguard Australia’s financial markets in response to ASX Inquiry interim report
The Australian Securities and Investments Commission (ASIC) has secured binding commitments from ASX Group to implement a comprehensive reform package addressing critical governance, risk management, and cultural deficiencies identified in a recent interim inquiry report. The mandated changes require ASX to establish fully independent Clearing and Settlement Facility Boards, reset its 'Accelerate' transformation program with strict regulatory milestones, and maintain a $150 million capital charge until remediation is verified. Concurrently, ASIC and the Reserve Bank of Australia will overhaul their joint supervisory framework to ensure lasting accountability and restore market confidence ahead of the inquiry's final report in March 2026.
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