The Australian Securities & Investments Commission (ASIC) has today presented changes to the ePayments Code that will facilitate provision of information from businesses to their customers in a digital form. Under the changes, subscribers to the ePayments Code will be able to provide information to their customers by making it available electronically and notifying the…
Read moreThe Australian Securities & Investments Commission (ASIC) today published the rules implementing Australia's mandatory central clearing regime for over-the-counter (OTC) derivatives of financial institutions – the ASIC Derivative Transaction Rules (Clearing) 2015 and explanatory statement. The rules are released after a consultation on the matter was opened in May this year. The key aim of…
Read moreThe Australian Securities & Investments Commission (ASIC) has imposed a monetary penalty on Etrade Australia Securities Limited (Etrade), a subsidiary of E*TRADE Financial Corp (NASDAQ:ETFC), over an order handling infringement. The company has paid a penalty of $65,000 to comply with an infringement notice issued by the Markets Disciplinary Panel (MDP). The infringement refers to…
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