ASIC focuses on cyber resilience
The Australian Securities and Investments Commission has published its market integrity report for the six months to June 30, highlighting a focus on cyber resilience, sell-side research and listing standards.
During the period the regulator took five criminal actions, resulting in one person being jailed.
There were three enforceable undertakings, nine infringement notices and three people disqualified from providing financial services.
“Market integrity affects all Australians,” Commissioner Cathie Armour said.
“Well-functioning markets give investors the confidence to invest capital in businesses – helping them innovate and grow. To support fair and efficient markets, we set standards and educate stakeholders, pursue behavioural change and take enforcement action to disrupt market misconduct.”
Ongoing priorities for the commission’s market integrity work include technology and cyber resilience, conduct and effective capital markets.