Australia: Compliance

This enforcement action highlights the importance of robust governance and compliance frameworks for AFS licensees and their RMs.

ASIC is keeping a close eye on social media influencers especially where they suspect they are breaching of Corporations Act.

There are important compliance obligations related to the licence that the entity must continue to comply with, at all times.

Proposed revisions to Guidance Note 1 Applying for Admission – ASX Listings (GN1).

"Greenwashing" is a term, which generally speaking, refers to the making of false or misleading environmental claims.

On 31 March 2025, the Australian Securities and Investments Commission (ASIC) published its Regulatory Guide 280 Sustainability Reporting (RG280) following the introduction of Australia's first climate-related financial disclosure regime and comprehensive public consultation with various stakeholders.

The Technical Guidance is complementary to the updated ASIC RG 251 (Derivative Transaction Reporting).

Re-reporting or uplifting of impacted trades needs to be done by 20 April 2025.

Crypto CFDs or derivatives with cryptocurrency underliers are to be reported under the ASIC Reporting Rules.