The five companies will help ASIC analyse the corporate disclosures and other company datasheets. They will identify and assess compliance by listed companies with a range of requirements, such as continuous disclosure, financial reporting obligations, and the prohibition against deceptive disclosures and security price manipulation.
Funding
Each of the five small-to-medium regtech enterprises (SMEs) will receive a grant of up to $100,000 to conduct a feasibility study in response to the corporate disclosure challenge during a period of three months. Throughout the feasibility study stage, ASIC will work with the five regtech firms.
Two of the companies will receive further grants of up to million for the next 15 months during the next stage of the BRII Regtech Round. During this period, they will work to develop and test a proof of concept.
