ASIC appoints new Chairman of the Markets Disciplinary Panel

ASIC has announced the appointment of Mr Simon Gray as the new Chairman of the Markets Disciplinary Panel, to serve a two-year term from August 1, 2016.

The Markets Disciplinary Panel (MDP) is an independent peer-review forum for disciplinary action against market participants and market operators for alleged breaches of the ASIC market integrity rules.

Mr Gray is Deputy CEO of Shaw and Partners and was the Deputy Chairman of the MDP. He is a member of the ASIC Market Supervision Advisory Panel and of the ASX Appeal Tribunal, with more than 15 years’ experience with legal and compliance expertise in the industry including senior oversight of corporate finance.

ASIC Chairman Greg Medcraft and ASIC Commissioner Cathie Armour paid tribute to the outgoing MDP Chair, Ms Lisa Gay, who has led the Panel for the past six years.

Cathie Armour, ASIC

Cathie Armour, ASIC

Ms Armour said:

The Panel’s track record demonstrates the value of a peer-review model in maintaining market integrity standards. Lisa’s vision of how an effective peer review system could operate, combined with her dedication and professionalism, have been key to the Panel’s success.”

I want to thank Lisa Gay for her steadfast leadership of the Panel since it was established in 2010. The Panel is a critical forum in maintaining market integrity and Lisa’s leadership has been exemplary. I wish her all the best for the future.

Simon Gray is a seasoned markets practitioner and knows well the workings of the Panel, and we look forward to his leadership and drive to uphold the high standards of market integrity as Lisa has done.”

Ms Cilla Boreham, currently a Panel member, has been appointed Deputy Chairman, also for a two-year term, from 1 August 2016.

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