ASIC information sheet on whistleblowers. The Australian Securities & Investments Commission has released information about its approach to dealing with whistleblower reports. The information explains how ASIC will communicate with whistleblowers, who is a whistleblower, the protections available to whistleblowers under the law, and how ASIC deals with information from whistleblowers. (2/18/2014) ASIC press release.
Interim class order relief for PDS regime is extended. The Australian Securities & Investments Commission extended to June 30, 2015, the interim class order relief from the shorter Product Disclosure Statement (PDS) regime for multi-funds, superannuation platforms and hedge funds. The relief is being extended pending the Australian Government decision on the application of the shorter PDS regime to superannuation platforms, multi-funds and hedge funds. (2/10/2014) ASIC press release.
Singapore announces market structure enhancements. The Monetary Authority of Singapore and the Singapore Exchange (SGX) released a joint consultation paper setting out proposals to strengthen the securities market in Singapore. The consultation addresses minimum trading price, collateral requirements, short reporting requirements, transparency of trading restrictions imposed by intermediaries, the SGX listings framework and regulatory enforcement of listing rules. Comments should be submitted by May 2, 2014. Separately, SGX announced measures to strengthen market transparency. The measures are effective March 3, 2014. (2/7/2014) MAS press release.