ASIC’s Post

With AGM season just around the corner this is a timely reminder from ASIC and emphasises the importance of an experienced company secretary. Whilst a non-compliant AGM does not necessarily invalidate the meeting it can lead to the integrity of its resolutions being challenged and question marks about the company's governance. The permanent amendments to the Corporations Act 2001 (Cth) introduced in 2022, including provisions for technology-neutral communications and virtual meeting technology, have heightened the requirements and expectations for conducting a compliant AGM. An experienced company secretary will not only ensure that your AGM is compliant but will also ensure that it showcases your company in the best possible light. If you require expert assistance with your upcoming AGM Comply Corporate Advisory can help. Contact us here: https://lnkd.in/gnSUyUFb #companysecretary #asic #agm #corporategovernance #governance

SEBI recently issued an addendum to its Consultation Paper titled "Interim Recommendations of the Expert Committee for Facilitating Ease of Doing Business and Harmonization of the Provisions of ICDR and LODR Regulations," originally released on January 11, 2024. We provide a brief overview on this addendum, that incorporates further recommendations from the Expert Committee, specifically focusing on the Issue of Capital and Disclosure Requirements (“ICDR”) Regulations related to the "Review of the Requirement of 1% Security Deposit in Public/Rights Issue of Equity Shares." https://lnkd.in/gt2gZNnN

#blog The Impact of ISA’s XBRL Mandate on Corporate Financial Reporting in Israel The ISA announced the move to iXBRL reporting in 2019, as part of a series of measures designed to establish an attractive and innovative public capital market that will appeal to global investors. ISA eventually aims to completely phase out PDF disclosures, facilitating investor access to data and increasing the transparency and attractiveness of Israeli markets. Israeli enterprises are no strangers to digital reporting: ISA has been using XBRL for some years, and has enabled Inline XBRL submissions on a voluntary basis to encourage companies to begin the transition with their annual reports for 2021. As ISA seeks an eventual mandate for Inline XBRL, early adoption is an attractive option for companies seeking to get ahead of the curve and ensure smooth evolution of their reporting processes. Read full blog here - https://lnkd.in/g-6q926j #israel #xbrl #finacialreporting #ISA #mandate

This update discusses the recent public consultation by SGX RegCo, whereby it proposed amendments to the SGX-ST Listing Rules to impose an obligation on issuers to facilitate the convening and conduct of shareholder-requisitioned meetings under sections 176 and 177 of the Companies Act 1967 of Singapore. #Corporate #SGXPublicConsultation #ProposedRegulatoryChanges #ShareholderMeetings #SGXListingRules #Publications

Tomorrow kicks off Embracing a Proactive Approach on APAC Rewrites Webinar. Last chance to join Kaimin N., Jonathan T. and Chung Shern Yen as they cover the rewrites affecting the APAC region in 2024. Explore the importance of a methodical approach for a successful implementation, listen to updates on MAS and ASIC regs, discussions on UPI and UTI, industry best practices, technology deployment and much more. Reserve your spot: https://hubs.la/Q02j61t90 #regreporting #regulations #jfsa #hkma #mas #compliance #fintech #transactionreporting #regtech #asic #upi #uti

Having worked on, and represented companies facing, market studies and investigations undertaken by the CMA, I would have to say they are one of the more useful tools (and certainly to be preferred over merger investigations in certain - recent - cases). Used appropriately, they allow everyone to take a helicopter view of a market and help the CMA, businesses (and consumers!) better understand the issues at play. Taking into account other regulatory objectives, the role of central government and even acknowledging the role of industrial policy, without muddying the rightly more strict enforcement waters. Allowing the CMA to ask questions and industry to challenge misunderstandings and provide insight into business realities. And that might mean no action, some recommendations to government or more drastic intervention. And without commenting on the merits of individual cases, it is hard to argue that they do not at least have the potential to be a better tool than Chapter 1 or 2 or merger control for taking a holistic view. Previous investigations have had mixed success and yet whether airports, banking or energy, it’s hard to argue with the merits of the exercise. I would rather have limited effective outcomes generated by market studies and investigations than wildly divergent approaches in merger cases that represent huge cost to industry, and society, with little benefit to the average consumer. Much boils down to a crystal clear brief as to what exactly the investigation is seeking to uncover or resolve. It’s one of the nice oddities of the UK regime (and, as it happens, one of the reasons I’m still scratching my head about the need for the DMCCA / DMU at all). But that’s for another day. For now, long live MIRs ! :)

The FSCA has announced, pursuant to section 11(6)(d)(ii) of the FMA, the approval of amendments to the listing requirements for The Integrated Exchange (I-EX). The listing requirements have been published and outline rules for listing, removal, suspension of securities, compliance standards for issuers and their agents, conduct and disclosure standards, necessary details of listed securities and disciplinary procedures and penalties for non-compliance. They ensure the regulation of I-Ex is conducted fairly and transparently, in the public interest. Trading in I-Ex listed securities is further regulated by I-Ex Rules as required by section 17 of the FMA. Related link: Notice 612 - https://lnkd.in/gJWntSK9 I-EX Listing requirements - https://lnkd.in/gNJwFV3u Kashnie Naidoo Charlotte Gamede Krishna Govender

#APAC Rewrites - Please register and join our #Cappitech Webinar tomorrow, Wed, 31/January @ 11:00am SGT (Singapore), 2:00pm AEDT (Australia) as we discuss Embracing a Proactive Approach on APAC Rewrites - #JFSA #MAS #HKMA #ASIC. Please share with your APAC colleagues, we look forward to your joining our webinar. #compliance #regreporting #tradereporting #fintech #regtech #UPI #UTI

Tomorrow kicks off Embracing a Proactive Approach on APAC Rewrites Webinar. Last chance to join Kai Min Neo, Jonathan Tsang, and Chung Shern Yen as they cover the rewrites affecting the APAC region in 2024. Explore the importance of a methodical approach for a successful implementation, listen to updates on MAS and ASIC regs, discussions on UPI and UTI, industry best practices, technology deployment and much more. Reserve your spot: https://hubs.la/Q02j5_wk0 #regreporting #regulations #jfsa #hkma #mas #compliance #fintech #transactionreporting #regtech #asic #upi #uti

With the July 2024 RILA rule adoption, there have been many discussions related to the regulatory and procedural impact to issuers. Guy Stanzione explores the highs, the lows, and questions that need to be addressed to ensure SEC compliance. Listen in: https://lnkd.in/ew-7eenP Learn more: https://lnkd.in/gTYw--yP Watch now: https://lnkd.in/eFZTFnpz #RILA #AdvancingBusiness #ExpandingPossible