On 8 June the Corporations Amendment (Client Money Reporting Rules Enforcement Powers) Regulations 2018 (Cth) was registered.

These regulations authorise alternative enforcement mechanisms for the ASIC Client Money Reporting Rules 2017. According to the Explanatory Statement, the regulations essentially mirror the alternatives to civil proceedings set out by the market integrity rules and the derivative transaction and derivative trade repository rules, to facilitate ASIC’s effective enforcement of its client money reporting rules.