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Rules for ASIC’s funding by industries refined

The Federal Government has released further draft regulations for industry funding of the Australian Securities and Investments Commission (ASIC).

The regulations make technical amendments to ensure the levy funding framework operates as intended.

They also include simplifications for large securities exchange participants and the introduction of new financial subsectors, such as for crowdsourcing funding intermediaries.

The consultation is separate to a call for feedback released earlier this month on other ASIC funding documents.

Feedback on the latest draft regulations closes on May 14.