ASIC Proposes Changes to Securities and Futures Markets Regulation
Posted: Tue Jul 03, 2018 8:54 am
TheAustralian Securities and Investments Commission (ASIC) released a consultation paper this Wednesday which proposed changes to regulations governing the futures and securities markets. ASIC’s proposals would see changes to capital requirements in the securities markets and a shift in the risk management regulation of the futures markets.
At the moment, ASIC risk management in the futures markets is set so that firms must hold a set amount of net tangible assets. The Australian regulator is proposing a change to a “risk-based capital regime.”
In effect, this would mean that firms would have to calculate how much risk they are ... (read more)